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October 28, 2016
Ten Tech Companies to Watch
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With the 2016 NMHC OPTECH Conference & Exposition two weeks and change away, NMHC announces the 2016 Launch Pad top ten semifinalists.

After reviewing a record number of applicants, a panel of industry executives selected these multifamily tech start-ups for their innovation and product execution. The judges will further winnow down the competition to four finalists, who will compete live at OPTECH in Dallas, Nov. 14-16. 

Now in its fifth year, Launch Pad is the multifamily industry’s leading tech start-up competition and premier showcase of new and innovative multifamily technology solutions. Former competition winners have included companies like InfoTycoon, Leonardo247 and Updater.

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Top News

RESEARCH

Quarterly Survey Shows Some Softening in Apartment Markets

All four measures of quarterly apartment market conditions—market tightness, sales volume, equity financing and debt financing—showed weaker conditions from the previous quarter. “Despite the softening due to the new development focus on Class A apartments, the overall fundamentals for apartments remain stable, indicated by the strong demand for Class B and C properties,” said NMHC’s Chief Economist Mark Obrinsky. 

FINANCE

Banks Pick Up Greater Share of Multifamily Mortgage Lending

Amid a pullback in construction lending, banks continue to finance multifamily mortgages, originating more than a third of permanent loans on apartment properties in the first half of the year.

RESOURCES

New Webinar Covers Changing Overtime Rules

On Dec. 1, the Department of Labor is set to flip the switch on its new rule to double the overtime salary limit. NMHC/NAA and other business groups continue to work to postpone its implementation. Use this backgrounder as a primer for the webinar.

DEVELOPMENT

Here's How Self-Driving Cars Will Transform Your City

Wired asked asked eight urban planners and futurists to share their visions of a driverless future. Our fave? SWA’s Kinder Baumgardner, who predicts that a reduction in cars will transform urban cores and reimagine parking. “Who knows, garages could become the cool place to live? You suddenly have an opportunity for space where it didn’t exist.”

STUDENT HOUSING

Investors Bet on Big-Time Football Schools

The safest student housing, from an investors' perspective, is found near big-time college football schools, which enjoy broader brand recognition than other universities.

FAIR HOUSING

New Twists for Background Checks

A leading compliance officer from an NMHC 50 firm offers guidance on regulations governing the use of criminal background checks to screen prospective residents during the IREM fall conference. Be sure to also check out our white paper and on-demand webinar for more info.

TRENDS

Developers Lure Dog-Lovers with Parks and Perks

In markets like D.C., pet owners can make up 40 percent of the prospect pool, making pet amenities a big part of a community’s value proposition. But there can be a downside to pets if they aren’t properly curbed. Some multifamily firms are turning to DNA testing to cut down on errant pooch poop.

In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
As Land-Use Rules Rise, Economic Mobility Slows, Research Says (paywall)
 
Multifamily Market Dashboard

New Census Data Show Apartment Stock Is Aging

New data from the 2015 American Community Survey show that close to one-third of the nation’s 20.4 million apartments were built between 1960 and 1979, a time when a large number of Baby Boomers were beginning to move out on their own.

Similarly, today’s apartment stock will have to accommodate what Harvard University’s Joint Center for Housing Studies estimates will be 24 million new households created by young Americans between 2015 and 2025.

In addition to building new units to meet this growing need, the industry must also take care to maintain its older units, which not only comprise an increasing proportion of the total apartment stock but also serve as the primary source of the nation’s more affordable housing. The industry loses between 75,000 and 125,000 units a year to a variety of factors, according to data from the American Housing Survey.

Need more data on the apartment stock? Find that and more in Quick Facts


Upcoming Meetings
2016 NMHC Emerging Leaders Speaker Series Atlanta

November 8, 2016 Whiskey Blue in Atlanta, GA 

2016 NMHC OPTECH Conference & Exposition

November 14-16, 2016 at the Hilton Anatole, Dallas, TX 
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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