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October 17, 2017
Multifamily's Bright Young Things
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As the 2017 NMHC OPTECH Conference & Exposition approaches quickly, we’re excited to reveal this year’s Launch Pad top ten semifinalists—a dynamic group of up-and-coming companies focused on providing value-adding solutions for multifamily owners and managers. 

Launch Pad is celebrating its sixth anniversary this year and remains the multifamily industry’s leading tech start-up competition and premier showcase of new and innovative multifamily technology solutions.

A panel of industry experts have narrowed this group down to four finalists who are competing live at OPTECH in Las Vegas next week (Oct. 25-27).

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Top News

PREVIEW

What We'll Be Talking About at OPTECH

Headed to Vegas next week for our annual operations and tech fest? Be sure to check out our show guide for all that’s new and happening. We’re also accepting topic suggestions for our special owner-manager roundtables. Just click here to let us know what’s on your mind. 

INVESTMENT

Prices Rise for Apartment Buildings, But Fewer Properties Sell

Strong rent growth and healthy occupancy rates continue to attract investors, who are then frustrated by the relatively small number and high asking prices of apartment properties available for sale.

MEETINGS

NMHC/NAA Hosts Policy Forum This Week on the Future of Multifamily

NMHC, along with legislative partner NAA, is hosting a policy forum tomorrow in Washington, D.C., to discuss the future of multifamily housing and steps that can be taken towards solving America's affordability crisis.

LAND-USE POLICY

New Study Examines Inclusionary Zoning Policies

The rapid expansion of inclusionary zoning policies led a pair of researchers to study how inclusionary zoning is and isn’t working; differences among local, state and federal programs; and how to make such programs more efficient in the future.

RESOURCES

Get Up to Speed on the Latest Disparate Impact Developments

NMHC/NAA have released a new white paper and legal summary examining the diverging standards being used by the Department of Housing and Urban Development (HUD) and the United States Supreme Court in assessing disparate impact liability under the Fair Housing Act (FHA).

POLICY

What's the Cost of Not Addressing Our Affordable Housing Problems?

A bipartisan group of senators sent a letter to the U.S. Government Accountability Office that effectively asks the agency to figure out how much it would cost taxpayers to fix affordable housing.

CONSTRUCTION

The Big, New Thing in Building? Wood

With the emergence of cross-laminated timber, or CLT, architects are able to design buildings of 10-to-12 stories or more with timber cores and panels. Some builders say the cost savings and environmental benefits of engineered wood make timber a good building material alternative.
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
Does Rent Control Increase or Reduce Crime Rates—These Economists Have the Answer

Labor Shortages, High Cost of Building Materials Delay 56,000 Apartments

California Approves Landmark Affordable Housing Bills

A Mile-High Building Boom in Denver (paywall)

Amazon May Make a Smart Doorbell to Help Prevent Package Theft

Opinion: Could YIMBY Be the New NIMBY?

IPA’s Daniels: ‘A Very Interesting Time’ in Multifamily

Five Surprising Things About the Fastest-Growing Segment of the Housing Market

Bringing Prospects Home with Virtual Reality

New Zillow Tool Gives Property Managers Access to Real-Time Consumer Activity

Take a 3-D Apartment Tour to See the Real Estate Listings of the Future

Commentary: The Untapped Value of Workforce Housing  
Multifamily Market Dashboard

The Rich Are Driving Up the Rent

Rental housing costs have been eating up bigger shares of American household budgets—at least until recently. New research shows a reversal of that trend, as the share of households considered burdened by high rents is now shrinking.

One reason for the shift is that wealthier families are increasingly likely to rent. Data from Real Page supports this, as the company says the median rent-to-income ratio has held steady at around 23 percent since 2010 for about 5.7 million leases in the company’s database while median renter income in the portfolio has increased 36 percent year over year.

However, some argue that this may mask significant affordability challenges as the number of cost-burdened and severely cost-burdened households remain historically high. 


Upcoming Meetings

October 25-27, 2017 at the Mandalay Bay Resort and Casino, Las Vegas, NV

November 9, 2017, Whiskey Blue, Atlanta, GA

2018 NMHC Apartment Strategies Outlook Conference

January 16, 2018, Hilton Orlando Bonnet Creek/Waldorf Astoria , Orlando, FL

January 16 - 18, 2018, Hilton Orlando Bonnet Creek/Waldorf Astoria, Orlando, 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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