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April 6, 2018
Gender Diversity in Leadership
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While issues of diversity, inclusion and sexual harassment have been prevalent for years, a renewed spotlight on the topic has driven home an important reality: It’s not enough for organizations to simply have anti-harassment policies and training in place—they must also make significant changes to how they respond to employee complaints and concerns when they arise.

"Most firms have appropriate policies to address illegal and inappropriate workplace conduct," said Betsy Feigin Befus, general counsel at the National Multifamily Housing Council. "But it doesn’t necessarily follow that the culture of an organization actually reflects those policies through its practices. Now is an opportunity for real estate firms—and the industry overall—to take meaningful steps toward a more inclusive environment where all team members can fully contribute."

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Top News

MEETINGS

Keynote Speakers Announced for NMHC's Spring Board Meeting

George P. Bush, commissioner for the Texas General Land Office; Pulitzer Prize-winning author Viet Thanh Nguyen; and Michael Steep with Stanford’s Engineering Center for Disruptive Technology & Digital Cities are headlining the program for NMHC's exclusive meeting of the year, being held on May 9-11 in Dallas. Don’t forget to also register for the pre-meeting, half-day NMHC Leadership Forum on Diversity & Inclusion.

INVESTMENT

Apartments Trump Other Commercial Properties on Risks and Returns

New NMHC study finds that apartments have consistently outperformed other property categories during the last 30 years. The findings hold up on both a risk-adjusted and unadjusted basis and regardless of holding period, geographic location, metro size, market competition and growth rate.

DEMAND

More Renters Give Up on Buying a Home

A growing percentage of apartment renters aren’t interested in buying a home, according to a semiannual renter survey by Freddie Mac. “Housing is becoming less and less affordable. Renting is perceived to be the more affordable housing option,” said David Brickman, an EVP and head of Freddie Mac’s multifamily division.

ADVOCACY

Competitive Election Landscape Underscores Importance of NMHC PAC

Take your NMHC political involvement up a level by joining us for an upcoming Personal Dollar event. These events give members rare, one-on-one time with key members of Congress while supporting their re-election campaigns. With generous support from select NMHC members, NMHC PAC will host events for Congressman Peter Roskam (R-Ill.)in Chicago on April 30 and Congressman Joe Crowley (D-N.Y.) on June 20 in Washington, D.C.

DEVELOPMENT

Cities Try to Improve Affordability—by Making Some Rents Pricier

Many jurisdictions are opting to try to create more affordable housing by levying more development fees on new housing. While popular, the approach ultimately makes housing, especially rental housing, more expensive, argues author Henry Grabar, noting that a single apartment bedroom in Irvine, Calif., can incur $42,000 in fees.

OPINION

Those Shiny New Apartments Aren't What Millennials Need

Bloomberg View’s Conor Sen makes the case that the U.S. has already passed the peak of urban renting.
But as population trends revert to more suburban and exurban patterns of old, how will local policymakers adjust to meet those changing needs?

EVENT

Mark Your Calendars for the NMHC PAC Conference Call on April 24 @ 11am ET

Special guest John Feehery will be on the call to provide an update on the political landscape for the 2018 elections and the congressional agenda for the remainder of the year. Feehery is a highly-respected political communications strategist, columnist and television pundit. The dial-in number is 1-866-365-4406, and the passcode is 9742325#.  
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
In a First, a Blockchain Smart Contract Is Recorded on a Deed

Foreign Funds Flock to Fledgling U.K. Rental Apartment Market (paywall)

The Amazon Effect: Rising Rents

Who Is Katerra and Why Should You Care?

Four Demographic Shifts Worth Watching

What’s New, What’s Next in Multifamily Design

Pets Now Outnumber Children in U.S. Apartments

Tenants of New Airbnb-Branded Complex in Florida Feel Blindsided

2018 Multifamily Trends: Learning from Homeownership Demand

Local Movements for Rent Control Gain Ground. Here’s Why

Seattle's Anti-Discrimination, First-in-Time Rental Law Ruled Unconstitutional

Boston Considers Vacancy Fee to Tackle Empty Storefronts and Housing Units

Reserve Bank of Australia Releases New Research on Zoning’s Effect on Home Prices
Multifamily Market Dashboard

Single Millennials Spend More Than $92K on Rent Before Age 30

A single millennial spent $92,600 in rent between the ages of 22 and 30, according to new RentCafe analysis of Census data. That’s more than what both Generation X and baby boomers spent at that age, after adjusting for inflation.

While millennials are also earning more than previous generations, the data also show that the share of income going to rent is also higher. Roughly 45 percent of their pay goes to rent, compared with 41 percent for Gen Xers and 36 percent for boomers. 


Upcoming Meetings
2018 NMHC Research Forum, April 17-18 in Chicago


2018 NMHC Spring Board of Directors Meeting, May 9-11 in 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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