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May 19, 2017
Construction Fires Spark Safety Debate
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Destructive fires at a number of apartment construction sites have caught the attention of some local regulators and competing material producers, raising questions about the safety of wood construction.

Led by the National Ready-Mixed Concrete Association, the Build With Strength coalition is pursuing the debate, putting the American Wood Council on the defensive.

Recent building code changes have allowed wood-framed apartment buildings to achieve greater densities, making them an attractive product type. Developers also contend that wood is a more cost-conscious building material compared with concrete and steel.

The tenor of the debate suggests that there is likely to be more regulatory and even legislative movement on the issue in the year ahead.

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Top News

INVESTMENT

Student Housing Sales Outperform the Rest of the Market

Real estate investors are increasingly keeping their wallets in their pockets, waiting to see where interest rates will go, for prices to come down and for more properties to come on the market. That’s happening in almost every sector, except for student housing.

RESEARCH

Are Millennials Really Different?

Many generalizations have been made about today’s young adults, but just how different are they from other generations at the same age? New Pew analysis shows they are more likely to live at home—and for longer—than previous generations. NMHC’s Caitlin Walter examines the key stats.

FAIR HOUSING

Disparate Impact Update Webinar Scheduled for June 1

NMHC/NAA is hosting a webinar on Thursday, June 1 at 2pm Eastern covering new HUD guidance and key takeaways from the recently released white paper “Recent HUD Actions Regarding Disparate Impact.”

FINANCE

What Does the Long-Term Future Look Like for EB-5?

Holland & Knight’s Ron Klein and Paolo Mastrangelo consider the future of the EB-5 financing program in the current political climate, reviewing the program’s reauthorization, recent policy developments and what to expect in the coming months.

TRENDS

Coliving Isn't Just for Startups

It’s the path followed by WeLive, Ollie, Common and other startups, but big-time developer PMG is going bigger, with 3,500 coliving units planned in the next five years. Plus, a look inside a new Ollie project in New York. 

AFFORDABLE HOUSING

Investigative Report Highlights Affordable Housing Challenges

Frontline and NPR teamed up on an in-depth report on affordable housing, investigating the billions that are spend on it—and the reasons why so few get the help they need. Plus, some thoughts on how to confront the affordable housing gap in multifamily. 

NMHC 50

Multifamily's Top Companies Continue to Adapt and Thrive

The story behind the numbers, MFE’s in-depth coverage of this year’s NMHC 50 shows that leading multifamily firms are adaptable, innovative and thrive on challenges.
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.

Suburban Renters Outpace Urban Renters in the U.S.

FHFA Director Says Fannie, Freddie Conservatorships Are Unsustainable

CBO Forecasts Future Interest Rate Hikes

Forecasting the Future of Real Estate

First-Time Buyer Age Range Slides to 35-39

Advancing Affordability (feat. former NMHC Chairman Daryl Carter)

Rents for No-Doorman Apartments in Manhattan Reach a Record

Multifamily Investors, Brokers Turn to New Technology to Market Multifamily

Dallas-Fort Worth Shows America's Evolving Multi-Family Housing Market

Rent Growth Steady for Some of San Diego's Biggest Landlords

The Secret History of Illinois’ Rent Control Prohibition

Amenities Gone Wild in Louisville

Louisiana Senate Passes Ban on Affordable Housing Mandates

The Wrong Way to Grow a City

Fifth Walls Lays Out Plans to Revolutionize Real Estate Tech Start Ups

Capturing Prospects Through Virtual Tours

Georgia Tech Launching Masters Degree in Real Estate Development

Multifamily Market Dashboard

Multifamily Loan Performance Remains Strong

Delinquency and default rates on multifamily loans are at extremely low levels for most institutions. The latest data show the noncurrent rate for multifamily loans at all FDIC-insured institutions was a mere 18 basis points (bps) in 4Q 2016, the lowest rate since the FDIC began collecting these data in 1991.

Not all real estate loans had such low serious delinquency rates, however. In particular, among banks and thrifts, the noncurrent rate for single-family loans (both permanent and home equity lines of credit) remains significantly elevated over its level before the bursting of the housing bubble.

Click the headline link for more data and analysis from NMHC’s latest Market Trends report. 

 
Upcoming Meetings
2017 NMHC Emerging Leaders Speaker Series Dallas
June 7, 2017 at the George Bush Library, Dallas, TX

2017 NMHC Student Housing Conference & Exposition
September 25 - 27, 2017 at the Tampa Marriott Waterside Hotel & Marina, Tampa, FL
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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