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August 27, 2014

Back to School Time Reignites Student Housing Debate

College students have returned en masse to campuses nationwide, sparking another round of debate over the virtues of on-campus versus off-campus living.

For most students, it’s a decision not to be taken lightly, and many carefully weigh factors such as cost, commute, amenities and more when choosing between the two options. However, some academic and community leaders remain skeptical of the benefits of off-campus housing and continue to push to keep students living on campus.

This is a particularly controversial issue in Boston, where the mayor has stated he would like to see the city’s entire student housing population living on campus.

One of the biggest arguments against off-campus student housing has long been that college students’ academic performance and school loyalty suffers when students live off campus. However, new research set to be released at the 2014 NMHC Student Housing Conference and Exposition challenges many of those notions, showing that living off campus has very limited effect on students in those areas.

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MARKETS

Apartment Construction Leading Housing Recovery

Builders ramped up new residential construction volume in July, but the real strength remains in the rental market. CNBC’s Diana Olick reports that developers see surging demand on the rental side, as an improving economy allows more young workers to move out of their parents’ basements and into apartments.

TECHNOLOGY

The Cost of Spotty Cell Coverage

Your residents expect five-bar cell service in their apartments. Not having it could cost you new leases and renewals. NMHC’s Rick Haughey examines the problem and offers a quick reference guide to finding the right technology solution when cellular connectivity is an issue.

RESEARCH

NMHC Apartment Strategies Update Teleconference Set for Sept. 23

NMHC will host a members-only Apartment Strategies Update Teleconference on Tuesday, Sept. 23, from 2:00-3:00 pm ET. NMHC Chairman Daryl Carter, chairman and CEO of Avanath Capital, and Steve Lamberti, President and COO of Milestone Management, will join NMHC President Doug Bibby and Chief Economist Mark Obrinsky to discuss the current economic outlook, apartment transaction activity and supply/demand trends.

RESOURCES

NMHC 2014 National Multifamily Industry Compensation Survey Results Now Available

This year’s compensation survey addresses current market practices in compensation program design and salary levels for more than 90 corporate, regional and on-site positions. Essential market-level data benchmarks also make the report a must-have resource. More than 90 leading apartment companies participated in the survey with data submitted for almost 54,000 employees.

AFFORDABILITY

Why It's So Hard to Find a Cheap Apartment

This spotlight may be on the Washington, D.C., market, but it’s a trend that’s playing out in many other major U.S. cities: New construction activity is bringing plenty of new apartment homes to the market, but increasingly few options exist for those who are strapped.
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
New HUD Secratary Julian Castro Set to Speak at NMHC Fall Board Meeting

Demand for Apartments Proves Stronger Than Thought, Driven by Millennials

Wall Street Faces Pushback on CMBS Deals as Supply Booms

More Than Temporary Accommodations, Apartments Are Becoming Lifestyle Venues

New Report Highlights the Challenges of Retrofitting Apartments Against Flood Threats

New NMHC Fire Survey Aims to Help Inform New Building Code Provisions

Could Rooftop Apartments Save Suburban Retail?

Tracking America’s Hidden Millenials

Car-Free Households Are Booming in San Francisco

More Than Seventy Percent of Apartment Renters Own Pets

New Book Stresses the Need for Radical Change in Policy to Address Housing Affordability Crisis

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A must-read for top apartment industry professionals, Apartment Wire is a timely review of emerging trends in apartment finance, development, management and technology and more, featuring both exclusive content from NMHC's staff of experts and provocative articles from across the web.
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Upcoming Meetings
NEXT MONTH

2014 NMHC Fall Board of Directors and Advisory Meeting
September 16-18 , 2014
The Fairmont Hotel in Washington, DC

2014 NMHC Apartment Strategies Teleconference
September 23, 2014
2:00-3:00pm (ET)

2014 NMHC Student Housing Conference & Exposition
September 30 - October 2, 2014
Palmer House Hilton in Chicago, IL

NOVEMBER

2014 NMHC Optech Conference & Exposition
November 17 - 19, 2014
Hilton Orlando Bonnet Creek in Orlando, FL

2014 NMHC Human Resources Forum
November 19, 2014
Hilton Orlando Bonnet Creek in Orlando, FL

2014 NMHC Risk Management Forum
November 19, 2014
Hilton Orlando Bonnet Creek in Orlando, FL
 

 

Multifamily Market Dashboard

Mortgage Market Shares Shift Among Major Players

Over the last 12 months combined, multifamily mortgage debt outstanding (MDO) grew by $42.3 billion, the biggest increase since 2008. As the volume has increased, there has been a significant shift among multifamily debt capital providers.

Of that $42.3 billion, banks were responsible for $35.8 billion, or 84.6 percent—the largest such share for depositories in almost 30 years. By contrast, MDO from Fannie Mae and Freddie Mac declined $1.7 billion over the past year, only the second such decrease since 1993.

For the sixth straight quarter, Ginnie Mae provided more than $10 billion in mortgage credit, something it had never done before. At the same time, CMBS net credit declined again, while life insurance company net mortgage credit increased.

 

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