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October 16, 2015
Meet the Launch Pad Semifinalists
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NMHC is pleased to announce the 2015 Launch Pad multifamily tech competition semifinalists. A panel of 36 industry expert judges selected these companies from a diverse and highly competitive field, which included a record number of applications.

This is the fourth year for the competition, which highlights the best and the brightest from a growing field of technology entrepreneurs who are putting their considerable skills to work to improve the efficiency, productivity and professionalism of the multifamily industry through technological innovation.

Our Launch Pad preliminary judges will soon further winnow the field down to four finalists who will compete live at the 2015 NMHC OPTECH Conference in San Diego on Wednesday, Nov. 18.  A conference panel of industry and technology experts will question the finalists at the session and the audience will choose the competition winner. The winning firm will receive a $5,000 prize and a complimentary Advisory Committee membership.

Curious to find out who made the cut?

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Top News

MEETINGS

NMHC Student Housing Conference Recap

Recently, 700 leading student housing executives gathered in Phoenix for the 2015 NMHC Student Housing Conference & Exposition. During a keynote, American Campus Communities’ CEO Bill Bayless applauded the sector’s progress. “What we are all doing is modernizing an industry that was ignored for decades and decades,” he said.

FINANCE

Crowdfunding Grows Up

During a recent NMHC Emerging Leaders Speakers Series program in Washington, D.C., Dan Miller, cofounder and CEO of Fundrise, said his business philosophy changes almost as fast as the technology. Turns out what the online investor wants is different than what he expected. But one multifamily blogger asks, could crowdfunding be horrible for property operations?

RENT VS. BUY

Black Americans Would Have Been Better Off Renting Than Buying

Homeownership hasn’t benefitted everyone equally, as low- and moderate-income black families lost, on average, 43 percent of their wealth following the housing boom and bust of the early 2000s. New analysis shows that the net worth of these families would have increased more during that time had they been renters.

TECHNOLOGY

If I Can't Text, I'm Moving

Wireless coverage is becoming more important to apartment-hunters as more people ditch their landlines and rely on their cellphones for everything from checking email to buying groceries. (Just check out Jessica Fuir’s column on this invisible yet essential amenity.) To ensure connectivity, developers are installing elaborate in-house wireless networks to boost coverage within projects.

DIVERSITY

Three NMHC Members Rank as Best Workplaces for Women

Camden Property Trust (No. 40), CWS Apartment Homes (No. 55) and Transwestern (No. 70) cracked Fortune’s inaugural list of the 100 Best Workplaces for Women. Rankings were determined by employee surveys and the representation of women within the organizations.

ADVOCACY

NMHC Leaders Host Fundraising Luncheon in Chicago

Eight leaders in the real estate industry co-hosted an NMHC Personal Dollar Event in Chicago on Oct. 5 that brought together a wide-range of key players in multifamily. Senators Jerry Moran (R-Kan.) and John Thune (R-S.D.) were in attendance. Click here for photos from the event. 

In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
Presidential Hopefuls, Housing Experts Attack Housing Crisis at N.H. Summit

There Is No Such Thing as a City That Has Run Out of Room


Single-Family Rentals Have Risen to Nearly a Third of Rental Housing

HUD Study: How Can the LIHTC Program Provide More Affordable Rental Housing Near Transit?

Swanky New York Condo Project Draws Criticism Over EB-5 Funding


Tech Apartment Amenities That Millennials Crave


Why Neighborhoods Should Not Have the Final Say on Zoning


ULI Report: Bay Area at Risk of Losing Millennials Due to Housing Costs, Quality of Life Concerns


Los Angeles New Earthquake Safety Rules Target Two Kinds of Buildings


Communal Living Gets a Second Look amid Denver’s Rising Rents

Multifamily Demand Should Outpace Supply Through 2016


Opinion: Why the HOME Program Is Something We Can’t Afford to Lose
(paywall)
Multifamily Market Dashboard

Inflation's Effect on Apartment Data

Economists have long known that inflation (or deflation) distorts comparisons over time. However, most housing and real estate industry data are not generally adjusted for inflation. This can be problematic because, even in periods of low inflation like today, inflation can distort industry performance, leading to incorrect conclusions.

The most recent issue of Research Notes examines this issue, using several examples to illustrate how inflation affects some of the statistics generally used to gauge apartment industry activity.

In addition to transaction volume and apartment prices, multifamily mortgage debt in particular is also distorted by inflation. Inflation adjustment dampens the overall growth in multifamily mortgage debt outstanding (MDO) and alters the picture of past cycles.

The nominal and real MDO data both show a long and steady rise from the trough in the mid-1990s through 2009. However, the size of the gain is better gauged by the real data (74 percent from the previous peak) than by the nominal data (197 percent higher). But by any measure, MDO reached a record level in 2Q 2015.


Upcoming Meetings

NEXT MONTH

2015 NMHC Emerging Leaders Speaker Series — Atlanta, GA

November 5, 2015 Whiskey Blue in Atlanta, GA

2015 NMHC OPTECH Conference & Expo — San Diego, CA

November 17 - 19 Hilton San Diego Bayfront in San Diego, CA
About Apartment Wire
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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