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March 3, 2017
When Renters Are NIMBYs
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Nearly everyone in multifamily has a picture of the local NIMBY-ers, often obstructionist residents who oppose almost any kind of development. But few realize how many are renters.

New research from Harvard University’s Joint Center for Housing Studies shows that, in areas with high housing costs, renters themselves can be a strong NIMBY force. Drivers of these more negative perceptions of development is the “perceived threat from new neighborhood development was also linked to anxiety about rising housing prices and rent burdening.” 

But two Minneapolis residents may have a solution. The duo developed cheeky, PSA-style ads to call attention to “pernicious acts of NIMBYism.” (And yes, the posters are for sale.)

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MEETINGS

Submit Your Programming Idea Today

NMHC invites members and non-members to help shape the content of NMHC conferences by submitting session proposals and ideas or volunteering as a speaker. Proposals are now being accepted for the 2017 NMHC Student Housing Conference and 2017 OPTECH.

POLITICS

Ben Carson Confirmed as HUD Secretary

NMHC responds to the confirmation, encouraged by some of the Administration’s recent comments regarding the reduction of burdensome regulations that create uncertainty and add costs to multifamily production.

MARKET

Buyers Outnumber Sellers in New Multifamily Finance Survey

Conducted at the 2017 NMHC Annual Meeting, Capital One’s multifamily survey showed that the majority of respondents believe the current cycle is ending. More than half also say rising interest rates are a major concern. And yet a significant portion still expect to be buyers.

STUDENT HOUSING

A Rush to Meet Rising Student Demand and Expectations

Student housing’s growth prospects, steady revenue stream from rents and comparatively high capitalization rates make the sector a popular investment vehicle for big institutions.

REGULATIONS

Trump Plans to Begin E.P.A. Rollback With Order on Clean Water

President Trump signs an executive order aimed at rolling back controversial environmental regulations governing American waterways. While the act may be more symbolic than anything, it gives the new head of E.P.A. the go-ahead to rewrite the 2015 rule known as Waters of the United States

LEASING

The Math Behind Roommates

A new blog post from Trulia calculates how much sharing living space can save residents in the top 25 rental markets. 

RISK

Untangling the Mystery of Cyber Insurance

There are more technology options available to protect businesses than ever before, and both the U.S. government and private industry have made great strides in combating common cyber threats.

MEETINGS

Register for the 2017 NMHC Research Forum in Dallas (April 5-6)

Unleash your data guru at our annual research summit being held this year at the Hilton Dallas/Plano Granite Park in Plano, Texas. Come for the demographics, finance trends, markets stats and more.
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

The Housing Crisis Is a Building Crisis

Construction industry productivity in the U.S. is lower today than it was in 1968. But it is not just sagging federal spending or onerous land use restrictions that are to blame. America’s construction industry face a staggering productivity crisis.

The nub of the problem is that the infrastructure and heavy industrial segment makes up just 38 percent of the industry, while the traditional real estate sector (including larger residential and commercial buildings, as well as single-family homes) makes up 62 percent of the industry. The former has generated productivity more than 100 times the industry average, while the residential builders and traditional construction trades lag at 20 percent below average.

And it’s not just a U.S. issue: A new report by the McKinsey Global Institute concludes that global productivity in the construction industry has stagnated.


Upcoming Meetings
2017 MFE Leadership Summit in conjunction with NMHC

March 9-11, 2017 at the Vail Marriott Mountain Resort in Vail, CO

2017 NMHC Research Forum

April 5-6, 2017 at the Hilton Dallas/Plano Granite Park in Plano, 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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