2023 News related to the Multifamily industry
Date postedSeptember 27, 2023
9.27.23:
US Senators launch inquiry into poor conditions at federally subsidized apartments
9.21.23:
Nominal wage growth outpacing rent growth, a shift towards more housing affordability
9.20.23:
NMHC announces new “Foundations for Rental Housing” initiative focused on communication with and financial tools for residents
9.18.23:
Rent growth continues decline in August, national rate may soon go negative
Brookhaven weighs pros and cons of placing security cameras around the city, on private property (AAA mentioned)
9.13.23:
Over half of total multifamily construction pipeline is in 15 markets, mostly in the Sunbelt
Apartment rents declining due to massive supply
9.8.23:
People younger than 50 are more likely to support new housing development
9.7.23:
Federal bill aims to prohibit collection of application, screening, and late fees
9.5.23:
Tenant screening service specifically designed for workforce and affordable housing, and tenants that have difficulty finding housing, gets $3 mill in seed funding
https://www.multifamilyexecutive.com/technology/rent-butter-completes-3-million-seed-funding-round_o
9.1.23:
Study shows public housing authorities file evictions at similar or higher rates than private market peers, often to compel rent collections
Property manager blames high crime in apartment community on inability to evict criminals
Permits for new multifamily construction down almost one-third since last year
8.29.23:
Rent-to-income ratios remain healthy among market rate renters, median apartment renter income is $75,000
8.28.23:
Multifamily insurers send distress signals and bigger premium hikes
8.23.23:
Rent growth is slowing where housing got built
8.22.23:
Cities looking to enact rent control get push back from states
8.21.23:
YOY rent growth less than 1% nationally, with rent cuts in Sunbelt balancing growth in Northeast
8.16.23:
Cities explore ways to promote office-to-housing conversions
7.20.23:
White House, HUD take on service and amenity fees in rental housinghttps://www.multifamilyexecutive.com/news/white-house-hud-take-on-junk-fees-in-rental-housing_o
7.14.23:
RealPage 2Q23 market report
7.11.23:
New HUD inspection standards for units participating in HUD programs finalized
6.12.23:
Leasing improves in May, national multifamily occupancy rate at 94.7%
6.9.23:
Number of property managers that report rent payments to credit agencies increase 37% in 2022
61% of multifamily firms increased deductibles to deal with insurance price hikes
5.4.23:
NMHC puts rising rents in perspective
5.1.23:
April rent report: rent prices in Atlanta about the same as last month, down 1.6% from last year. 40th most expensive large city in US with median rent at $1523
4.26.23:
NMHC ranks nation’s top 50 owners, managers and top 25 developers of apartment communities
4.21.23:
8 reason office to hotel or multifamily conversions are rare
4.18.23:
Rent component of CPI appears to reach its peak, a lagging reflection of rent decreases since last October
4.11.23:
“Missing middle” housing reforms have small impact on housing supply and affordability
4.10.23:
National rent average inched up $3 in March
4.7.23:
Georgia Public Policy Foundation study on the cost of regulation on multifamily construction
3.23.23:
Shortage of affordable and available rental homes hits 7.3 million nationwide
3.21.23:
Market-rate apartment residents making payments at highest rate since pre-pandemic, while affordable housing collections lag
Senate committee passes tenant protection bill
3.16.23:
Yardi matrix says rents plateaued in February, no change from the $1702 national average in January
https://www.multifamilyexecutive.com/property-management/rent-trends/rents-remain-flat-in-february_o
3.14.23:
Governor signs amended mid year budget that includes one $500 homestead exemption
3.7.23:
Some multifamily operators are dropping weight and breed restrictions on pets
3.1.23:
Georgia House committee advances “Safe at Home Act” adding new tenant protections to state law
2.28.23:
Average rent in Atlanta had no change over last month, compared to 0.3% decrease nationally
2.15.23:
Strategies for multifamily on-site maintenance retention
2.9.23:
Rents level off in January
2.8.23:
Remote worker migration expected to continue in 2023 with more people moving to more affordable markets or with more amenities
2.7.23:
Some concerned markets that have a lot of construction going on may not be able to fully absorb those rents, and other takeaways from NMHC apartment strategies conference
2.6.23:
After over a year of record new construction starts, multifamily building expected to decline this year
2.2.23:
Sharon Wilson Geno, with 30 years of experience at various housing nonprofits and agencies, takes over as president of NMHC
1.26.23:
Visualizing rent annual rent growth from 2018 to 2022
1.24.23:
90% of poll respondents say Georgia should have laws requiring minimum standard living conditions for rental properties (we already do)
1.23.23:
9 emerging trends coming to multifamily communities in 2023
1.19.23:
APD officers could get help with rent thanks to federal funding and the Atlanta Apartment Association
1.13.23:
Governor Kemp wants to address workforce housing in 2nd term
1.10.23:
5 housing questions that may be answered in 2023
1.5.23:
Atlanta rents down 1.6% since last month, down 1.4% since January last year, well below the national average of 4% rent growth over last 12 months
“Zoomtowns” could help lower home prices and rents for everyone, everywhere
1.4.23:
NAA, NMHC oppose final “Waters of the US” rule