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September 25, 2014

Online Shopping Creates a Rising Tide of Packages at Apartment Properties

Online shopping is exploding. In 2014, Americans will spend nearly $300 billion on products they ordered via the Internet. But shoppers’ convenience is a logistical headache for not only package delivery companies like UPS, but also property managers whose buildings are being buried under a tsunami of packages mailed to their residents.

Every 15 packages accepted take up an hour of a building staff’s time, and a package can sit in a building’s offices or storage areas for up to 67 hours, according to estimates by Parcel Pending, a new company whose system of smart lockers has attracted the attention of some property managers.

However, solutions to managing this onslaught all have their drawbacks. Property managers that decline to accept packages risk alienating or even losing residents. And charging for this service would negate the free delivery that consumers associate with online shopping.

NMHC will host a discussion on “Package Delivery Solutions for an Online World” on Wednesday, Nov. 19 at 9:30 a.m. during the 2014 NHMC OpTech Conference & Exposition, being held at the Hilton Orlando Bonnet Creek Hotel in Orlando, Fla.

In addition, NMHC and Kingsley Associates will present the results of a related groundbreaking survey of apartment operators at the event, offering insight into how they are addressing the increasing real estate, technology and personnel expenses associated with efficiently delivering an ever-expanding volume of packages to residents.

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MEETINGS

Political Leaders and NMHC Executives Take on Key Business Topics at Fall Meeting

NMHC members gathered in Washington, D.C., last week for the annual Fall Board of Directors and Advisory Committee Meeting. The meeting offered an opportunity for NMHC members to not only network with peers but also actively participate in constructive conversation with key legislators and administration officials on many pressing topic areas, including terrorism insurance, tax reform, and rental affordability.

POLICY

As More Households Rent, How Can We Encourage Them to Save?

As more families rent rather than own homes, focus is growing on how to make it easier for renters to build wealth. The absence of the “forced savings” of a mortgage payment is one of the reasons renters have only a small fraction of the savings cushions available to most homeowners. Stagnant wages further compound the problem. The Center for American Progress examines a number of renter savings programs.

DEMOGRAPHICS

Singles Make Up More Than Half the U.S. Population

Single Americans make up more than half of the adult population for the first time since the government began compiling such statistics in 1976. This demographic shift toward a so-called “solo nation” is changing where and how people live and promising dramatic changes for the economy.

TRENDS

Real Estate for the Restaurant Set

Americans’ passion for both cooking and cuisine has reshaped residential real estate—for both owners and renters. The hottest downtown developments are built around vibrant green markets, top-rated restaurants and celebrity chefs, and some developers are launching rental buildings with high-end culinary amenities, aimed at younger residents who grew up with the foodie movement. (paywall)

MILITARY HOUSING

As Army Shrinks, On-Base Housing Affected

During the past two years, all branches of the military have cut costs and troop numbers, with more reductions in the Pentagon's proposed 2015 budget. The cuts are affecting local schools, economies and housing markets. A look at how the situation is playing out at Fort Bragg, N.C.
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
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NMHC Leaders Discuss the Future of Multifamily at the BPC 2014 Housing Summit

The Changing Lexicon of the Lease Up

Trading Parking Lots for Affordable Housing

Spending Has Exceeded Income Growth for the Past 20 Years, Especially for the Young (paywall)

Forget Liberals vs. Conservatives: One of the Biggest Cultural Divides in the U.S. Is Between Renters and Homeowners

OSHA Will Put Workplace Safety Data Online as 'Nudge' to Employers

Healthy Housing Research Focuses on Microbes’ Role in the Built Environment

How Millennials Spend

12 Cities Where You Can Rent Affordably in a Walkable Neighborhood

Start-Up Tech Company Wants to Become the Match.com for Landlords, Residents

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Upcoming Meetings
THIS MONTH
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

Stagnant Incomes Pose a Challenge for the Apartment Industry

NMHC recently hosted a members-only Apartment Strategies Update Teleconference to provide a gut check on what’s changed in the multifamily market since the first half of the year and a look forward to where things are headed over the next six to 12 months.

A major topic of conversation was the industry’s rent growth. Executives questioned how much more growth could be achievable, given the 20 percent climb since 2009. Limited supply, rising development and labor costs and operational challenges such as rising property taxes and utilities have driven rents north, but incomes haven’t kept up, suggesting the industry might be nearing a ceiling. In fact, the median income of renters was the same in 2013 as it was in 2003 and 1993.

The panel of industry experts included NMHC Chairman Daryl Carter, CEO of Avanath Capital Management, and Steve Lamberti, president and COO of Milestone Management, along with NMHC President Doug Bibby and Senior Vice President of Research and Chief Economist Mark Obrinsky.


 

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