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March 27, 2014
Industry Website Offers Localized Pro-Apartment Tools

NMHC and industry partner, NAA, recently added a new data feature to its pro-apartment campaign website, www.WeAreApartments.org, that provides highly localized information about the economic benefit and jobs supported by apartments, as well as their residents.

In addition to state and select metro area information, the interactive and educational site now features economic impact data for apartments in all 435 congressional districts. With this information, available in a ready-to-print format, apartment executives can more fully demonstrate the value of apartments on a near granular level to policymakers anywhere.

In conjunction with the launch of the new data, NMHC/NAA also initiated a wave of print, online and radio advertising to continue the ongoing campaign’s momentum. Together, these two events led the site to set a single-day record for site visits in early March.

Click a state here to check out the district-level information.

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Apartment Investors Consider a Claim in North Dakota As Oil Boom Begets Housing Shortage

North Dakota produces 858,000 barrels of crude oil per day, making it the second largest state producer after Texas. This means job growth, a massive population surge and now a housing shortage that’s leaving even six-figure earners essentially homeless, according to one article. Given the demand and limited housing supply—there are 57,000 apartments statewide—The Related Companies is eyeing investment in oil towns there, as well as in Texas. In fact, Related recently purchased a 21-property portfolio in West Texas.


New Census Data Visualization Exercise Highlights Metro Market Populations

Basketball bracket busted? Here’s a chance to redeem yourself with your in-depth market knowledge. Census Bureau created a population bracket that allows users to test their knowledge of population data. You might think you know your metro markets, but even our research team fell short of a perfect score. More interesting, dare we say fun, government data visualizations available here.


A Roundup of New Student Housing Activity Across the Nation

Core Campus announced that it was bringing its “Hub” concept to new properties in Eugene, Ore., and Madison, Wisc. In Fayetteville, Ark., Fountain Residential Partners is partnering on a 1,100-bed property while Gilbane Development Company announced it broke ground on a new property near Iowa State University in Ames. Texas A&M also recently selected Hunt Companies to develop a 612-bed on-campus cadet residence hall.

NMHC reminds student housing providers that the 2014 Student Housing Income & Expense Survey is underway. The survey provides the sector’s owners, operators and lenders with critical performance benchmarking data. To participate, please complete the survey by April 30.


Pew Study Shows Millenials Continue to Have Unique Characteristics and Values into Adulthood

From their political views (left) and their religious affiliations (none) to their social media activity (selfie, anyone?) and feelings about the future (sunny, for sure), a new Pew Research report identifies key ways the Millenial generation is distinct from others. Bonus: Study author Paul Taylor recently appeared on the Daily Show to talk about some of the same key concepts found in his new book, The Next America.
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
Rising Rents in Six Major Cities Reignite the Own Versus Rent Debate

Labor Shortage, High Materials Costs Delay Many Projects

Businesses Seek “Thick” Data Rather Than Big Data to Better Understand Their Customers

EPA Expands Energy Star Program to Multifamily

Ikea Develops New Portable Furniture Collection to Adjust to the Whims of Millenials with a Shoebox Apartments and Wanderlust

Pennsylvania Moves to Ban Smoking in Apartments and Condos Statewide

New Report Highlights Rising Rental Costs, Need for 7 Million Affordable Housing Units

Renter Demand for Amenities and Services Drives San Francisco’s Laundry Locker to Clean Up in Apartment Boom

Apartment Firms Stand to Benefit as Renting Becomes New Norm for Millenials

As Many as 50K Illegal In-law Suites Could Enter Rental Stock in San Francisco

REO-to-Rentals Still Attract Investors, But Major Single-Family Rental Investor Blackstone Is Backing Off Amid Home Price Surge

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2014 NMHC Research Forum
April 29 & 30, 2014
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2014 NMHC Emerging Leaders Speaker Series - Boston
May 12 , 2014
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May 12 & 13, 2014
The Fairmont Copley Plaza in Boston, MA

2014 NMHC Spring Board of Directors Meeting
May 13 & 14, 2014
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The Favorable Demographics for Apartments

Calculated Risk’s Bill McBride has long been bullish on the apartment sector. Look no further than the Census Bureau’s population projections for 20- to 34-year-olds for 2015 through 2035 to understand why. It’s steady gains in population for that age group, which is the target demographic for many rental communities.

“This favorable demographics is a key reason I’ve been positive on the apartment sector for the last several years—and I expect new apartment construction to stay strong for several more years,” he said. 


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