If you have trouble reading this email, please go to the online version.
June 15, 2017
Apartment Demand to Grow Through 2030
Sponsored by

A growing population, new immigration and changing lifestyle preferences are expected to drive the need for 4.6 million new apartments by 2030, according to a new study conducted by Hoyt Advisory Services and NMHC and NAA.

Meeting that demand means building at a rate that is significantly higher than the 244,000 units the apartment industry has produced on average annually for the past five years—some of the most robust in recent history.

The study includes 2030 estimates for all 50 states and 50 metro areas.

Read more


SHARE: Twitter Facebook LinkedIn Email
Top News

DEALS

Mapletree Investments Acquires $1.6 Billion Student Housing Portfolio

Following the launch of its first student housing fund in March, Mapletree Investments bought a billion-dollar student housing property portfolio from Kayne Anderson in early June. The investor’s overall portfolio now clears 18,000 beds.


TAX

1031 Exchange, a Cherished Real Estate Tax Break, Faces Extinction

To finance a possible tax rate cut, some in Congress are eyeing the provision, which allows sellers to defer capital-gains taxes by reinvesting in other properties.

RENT VS BUY

Rent, Don't Put Your Money in a House, Says a New Report

Rising home prices and mortgage rates are making buying a house less of a sure-thing investment. Renting may be a better option, according to the report. 

OPERATIONS

Rebuilding the Labor Force for Multifamily

There are roughly 200,000 unfilled jobs in the construction trades, up 81 percent over the past two years. A shortage of qualified workers to fill these vacant positions is straining multifamily builders at a time when construction activity is booming.

AFFORDABILITY

Rent Is Affordable to Low-Wage Workers in Exactly 12 U.S. Counties

The numbers coming out of the National Low Income Housing Coalition’s latest Out of Reach report point to the growing mismatch between worker wages and rental prices. 

POLICY

Senate Dems Move to Expand Fair Housing Protections

A group of Democrats led by Senator Tim Kaine (D-Va.) recently introduced a bill to expand protections under the Fair Housing Act to cover gender identity and sexual orientation. The legislation is a companion bill to a similar bipartisan action introduced in the House earlier this year.

MARKET

Downtown Apartment Living Attracts Empty-Nesters

Despite concerns over potential overdevelopment, the boom in multifamily housing in the country’s big cities continues, fueled by demand from empty-nesters in their 50s and 60s, as well as young professionals. 
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
Multifamily Construction Loans Are Harder to Find

Co-living Developers Look to Scale Operations

Robotic Furniture of the Future in Apartments Today

Student Housing Gets an A

Google to Buy 300 Modular Apartment Homes to Address Housing Crunch

GI Partners to Sell Waypoint Rentals to Colony Starwood Homes

Developers Adapt to Residents' New Live-Work-Play Lifestyles

How Amenities Are Shaping Apartment Development

Workforce Housing’s Monumental Growth

Preservation Can Grow Density Without Demolition

Six Buildings Full of Millennial Must-Haves

Strategies to Maximize Revenue Before Peak Leasing Season

Converting Empty Office Buildings into Affordable Housing

Developers Built the Most Units in These Six Neighborhoods (2010-2016)
Multifamily Market Dashboard

Immigrants Drive Apartment Demand

Apartments provide homes to millions of immigrants. In fact, one in four apartment households are headed by an immigrant. This influence on apartment demand stems not only from their numbers, but also from their propensity to rent. On average, immigrants are 40 percent more likely to rent than native-born Americans.

However, not all immigrant households are the same. NMHC’s research team’s analysis showed varied financial profiles, household size and rentership rates for different groups. For example, immigrants hailing from the Middle Americas, South America and Sub-Saharan Africa tend to rent longer than other groups while immigrants from Europe, Southern Asia, Oceania and Canada typically have higher household incomes. 

 
Upcoming Meetings
September 25 - 27, 2017 at the Tampa Marriott Waterside Hotel & Marina, Tampa, FL
 
2017 NMHC OPTECH Conference & Exposition
October 25-27, 2017 at the Mandalay Bay Resort and Casino, Las Vegas, NV
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.
Tools
Print-Friendly Version RSS Search Back Issues
Contact Us
1775 Eye Street, N.W., Suite 1100,
Washington, D.C. 20006
202 974 2300 Office
news@nmhc.org
Connect
Facebook
Twitter
LinkedIn
Manage My Email / Unsubscribe
Please add ‘news@nmhc.org’ to your email address book or Safe Sender List. If you are still having problems receiving our communications, see our White List page for more details.