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August 10, 2016
Bibby's Notes from the Road
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In his latest blog post, NMHC’s Doug Bibby shares details from a recent trip to Mexico City, where he met with local developers, investors and the Mexican housing secretary.

A lot was learned about the Mexican housing market, including how it remains homeownership-centric with a small and highly fragmented rental market with little purpose-built rental product. These are characteristics shared by other foreign housing markets, including those in Canada and the United Kingdom.

“This has all got me to thinking not only about our own sector’s evolution but also about what we can offer to some of these countries aspiring to develop and grow a more modern multifamily sector,” Bibby writes. “In fact, this is the question that most of our foreign friends want me to answer. So, here’s what I say.”

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Pain Over Plunging "Unicorn" Valuations Could Affect Real Estate

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MEETINGS

A Sneak Peek at NMHC's Student Housing Conference in September

Enrollment trends, development deals and the sector’s on-fire transactions market will all be hot topics of discussion at the 2016 NMHC Student Housing Conference in New Orleans this fall. Get a preview of speakers and session with this special supplement in National Real Estate Investor

And don’t forget to submit to DealTank by Aug. 22, if you think you’ve got a great deal to pitch to leading student housing investors.

INSIGHT

Multifamily Market Shines On

Multifamily housing has been one of the strongest performers in commercial real estate, registering steady rent increases and historically low vacancy rates for half a decade. NMHC’s Chief Economist Mark Obrinsky speaks with Scotsman Guide about the short- and long-term prospects for the market.

OPINION

Homeownership at a 50-year LowSo What?

Homeownership has declined to 62.9 percent. Five housing experts debate whether there’s reason for concern. Our top pick? Harvard’s Edward Glaeser’s response, in which he argues, “The American Dream can be realized in a rented urban apartment just as easily as behind a suburban white picket fence.” 

RESOURCES

Why There's Not Enough Affordable Housing

The Urban Institute launches a new online tool that lets anyone—from congressional staffers to housing advocates—play with the numbers behind an affordable housing development. Tweaking the math leads to the conclusion that it is just simply unaffordable to build affordable housing. Only one foreseeable solution exists: Bridge the gap with public subsidies


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A Look at the Future of Apartments

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POLICY

EQR's Alan George Represents Industry at Democratic Convention

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In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
Multifamily Market Dashboard

New Apartment Supply Pales Compared to the '70s, '80s

There has been some speculation and concern that the amount of new apartment construction during the recovery from the Great Recession could lead to overbuilding and oversupply. Based on Axiometrics’ analysis of data reported by the Census Bureau, those concerns are unfounded.

So far this decade, less than 1.2 million multifamily units will be completed through 2016, an annual average of 194,000 units per year since 2010, according to Census data. At this pace, slightly less than 2 million multifamily units will be built this decade, the least of any decade since 1960. Renter household formation mushroomed to more than 7 million after the recession as foreclosed homeowners joined millennials and baby-boomers who chose to rent due to lifestyle choices and economic factors.


Upcoming Meetings
2016 Fall Board of Directors and Advisory Committee Meeting

September 13-15, 2016 Washington DC

2016 NMHC Student Housing Conference & Exposition

September 28-30, 2016 New Orleans Marriot in New Orleans, LA
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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