News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Mon
11
Jun
The Editors's picture

Company Breaks Ground On New Affordable Apartments In Salt Lake City

Company Breaks Ground On New Affordable Apartments In Salt Lake City

A Utah company has broken ground on a new mixed-use, affordable apartments in Salt Lake City, according to a release.

J. Fisher Companies, a Utah-based fully integrated real estate firm, gathered with Millcreek city officials and community partners to celebrate the groundbreaking of Moda Meadowbrook in Millcreek, Utah.

"The Moda Meadowbrook groundbreaking was an exciting event for our companies,”   Owen Fisher, CEO, J.Fisher Companies, said in the release.

“We have spent a lot of time working with local city officials and national partners and consultants putting this project together.  It has been a huge success so far and having representatives from all of these organizations attend the event was a tribute to what is to come," he said.

Mon
04
Jun
The Editors's picture

Apartment Job Openings Continue At High Levels

Apartment Job Openings Continue At High Levels

Apartment job openings continued at high levels as openings for leasing consultant positions topped the 1,000 mark In the April edition of the  National Apartment Association Education Institute (NAAEI) Apartment Jobs Snapshot.

This comes right before the most recent numbers of employment increasing by 223,000 jobs in May, well above the estimate of economists,  and a drop in the unemployment rate to 3.8 percent, according to the U.S. Bureau of Labor Statistics.

The number of openings in the apartment industry was in line with a recent release from the Bureau of Labor Statistics, which reported that job openings across the country were at their highest levels ever recorded.

Top openings in leasing consultant positions were driven by openings in Dallas, DC, LA, Houston and Atlanta, according to the report.

Mon
04
Jun
The Editors's picture

Small Cities Lead The Way In Rent Growth In May

Small Cities Lead The Way In Rent Growth In May

The top 25 fastest rent growth places in the country can be found in small cities, driven in part by economic growth and population migration, according to new research from Rent Café.

The small cities and towns across the country are growing in population, jobs, and housing prices, with the top 25 largest increases in rents happening in small markets.

For example, Odessa and Midland, Texas are flourishing oil-industry centers, with rent prices skyrocketing by over 35% compared to 2017.

Mon
21
May
The Editors's picture

Mural Of Geese Flying Over Portland At New Apartment Community

Mural Of Geese Flying Over Portland At New Apartment Community

A hand-painted, 60-foot tall mural of two geese flying over Portland in the courtyard is a highlight for people living at a new apartment community called North Hollow, according to a release.

"Being at one with nature is important here at North Hollow," Terry Roberts, property manager, said in the release.

 "Living here is within an easy walk to the natural wonders of Washington Park with its hiking trails, thousands of rose bushes and Japanese Gardens. Alternatively, residents can enjoy the tones and textures of our expansive community lounge with its courtyard featuring the fabulous mural or go up to our rooftop terrace to enjoy views of downtown

Pacific Northwest artist Olivia Knapp created the mural

and West Hills."

Tue
15
May
admin's picture

Share Of Millennials Living With Mom On The Rise

living with mom

More millennials ages 24- to 36-years-old live with their moms than at any time in the past decade, according to the latest Zillow analysis.

Nearly a quarter of U.S. millennials are living at home with their mom, which translates to about 12 million young adults nationwide.

Despite a strong economic recovery, the share of millennials living with their moms has been increasing since 2005, when just 13.5 percent lived with their moms.

 

Rapidly rising rents and living with mom

The combination of rapidly rising rents and slow income growth over the past half-decade drove many young adults to either move back in or never move out of their parents' home, but the trend has been persistent even as the U.S. labor market has improved.

Mon
14
May
The Editors's picture

More Renters Say Renting Is A Good Choice For Them Right Now

Renters say renting is a good choice for them

Renters are comfortable with continuing to rent with many believing renting will be more affordable or stay the same for them in the next 12 months, according to research from Freddie Mac.

The research says more renters say for right now, renting is a good choice for them.

Also, millennials are more likely to rent by choice, while Baby Boomers say they have no interest in owning, according to the research.

Freddie Mac commissioned the Harris Poll to survey more than 4,000 U.S. adults to get their perceptions about renting in the post financial crisis marketplace.

In large cities, urban renters are more likely to say renting is a good choice for them, but they admit they would like to own at some point.

Tue
08
May
The Editors's picture

Washington, Colorado Top States For Economic Growth

Washington, Colorado Top States For Economic Growth

Washington, Colorado, Arizona and Utah were among the top states for economic growth, showing top gross domestic product (GDP) growth rates between 2016 and 2017, according to a new report from Bureau of Economic Analysis of the U.S. Department of Commerce.

Real estate and rental and leasing, health care and social assistance and durable goods manufacturing were the leading contributors to national economic growth in 2017, according to the news release.

Mon
07
May
The Editors's picture

April Highest Rent Growth Month Since End Of 2016

April Highest Rent Growth Month Since End Of 2016

Increasing demand across the board has caused one, two, and three-bedroom apartment rent growth up by 3.3% in April 2018 compared to prices in April 2017, according to a new report from RentCafe.

With a 6% increase over the year, Las Vega rents rose the most among the largest U.S. cities, reaching $979/month in April, as the local housing market is rebounding.

Denver, Phoenix also lead rent growth

 Denver remains one of the hottest cities for renters in the U.S., with apartments renting for $1,559/month, 5.8% more expensive than they were one year prior. Rental housing in Detroit is making a comeback after years in the slump. Apartments in Detroit saw the third highest yearly increase in prices among big cities, 5.4%, reaching just $1,015/month, still well below the national average.

Tue
01
May
John Triplett's picture

Apartment Jobs In Maintenance Continue In High Demand

Apartment Jobs In Maintenance Continue In High Demand

Apartment jobs in maintenance continue to be in high demand as leasing and property management jobs have leveled off, according to quarterly jobs report from The National Apartment Association Education Institute.

By John Triplett

Rental Housing Journal

The new jobs report focuses on jobs that are being advertised in the apartment industry as being available, according to Paula Munger, Director, Industry Research and Analysis, for the National Apartment Association’s Education Institute.

While the total number of apartment jobs were down compared to first quarter last year, “I don't see it as an alarming sign that jobs are down. Even though we are comparing the same quarter of the year, I think there is still seasonality factors in here,” Munger said.

Sun
29
Apr
The Editors's picture

Tacoma Votes To Make Landlords Give 90-Day Notice Before Evictions

Tacoma City Council Votes To Look Into Tenants’ Rights Issues

The Tacoma City Council has adopted a temporary ordinance that requires property owners to give 90 days notice to tenants who are being evicted due to building demolition, renovation or change of use.

That ordinance will expire at the end of September, but the city council said it's working on something more permanent.

The new temporary ordinance came after councilmembers  voted to look into tenants’ rights issues and landlord-tenant laws after a hearing involving residents at the Tiki Apartments who had been facing evictions after a 20-day notice, according to reports.

The temporary ordinance is intended to provide interim enhanced protections as the city develops further recommendations to address housing and tenant protections for City Council consideration.

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