News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Tue
22
Aug
The Editors's picture

Top 5 Most Expensive And Least Expensive Cities For Renting

5 most expensive and least expensive cities for renting

A new study of the 5 most expensive and least expensive cities for renting found the median rent for a one-bedroom apartment is $1,000 more expensive in San Francisco than it is in New York.

How much an apartment costs in 50 U.S. cities was the goal of personal finance website GOBankingRates when it examined 50 major cities across the U.S. to identify the cost of a one-bedroom apartment.

 In addition to median rent prices, the study analyzed key factors including the cost of basic utilities and each city's walkability score. GOBankingRates also identified the percentage of apartments for rent in each city with the following amenities: dishwashers, washer-dryers, pools, fitness centers, parking garages and pet-friendly policies.

Top 5 Most Expensive Cities for Renting

1. San Francisco

Tue
22
Aug
The Editors's picture

Former Horse Pasture Now Nation’s Largest Student Housing Complex

Nation's largest student housing project built with public and private financing now open at Texas A&M university

The nation’s largest student-housing development built under a public-private partnership, a 50-acre, 3,406-bed, 2.2-million-square-foot apartment community, is now open on the Texas A&M University campus in College Station, Texas, according to a release.

The Park West Apartments, a $368 million mixed-use luxury student housing project,  was organized through a public-private partnership between the Texas A&M University System, Servitas development, management and operations in Irving, Texas, and The Weitz Company,  construction manager.

Tue
15
Aug
The Editors's picture

Seattle Bars Landlords From Using Criminal Records To Screen Tenants

Seattle bars landlords from using criminal records to screen tenants

The Seattle City Council has passed an ordinance 8-0 to bar landlords from using criminal records to screen tenants based on past arrests or criminal convictions, with the exception of sex offenders, according to a release.

“The Fair Chance Housing ordinance would prevent landlords from screening applicants based on criminal convictions; arrests that did not lead to a conviction; convictions that have been expunged, vacated or sealed; juvenile records,”  Councilmember Lisa Herbold said in a release.  

“The bill also prohibits the use of advertising language that categorically excludes people with arrests or conviction records. The legislation does not apply to people registered as sex offenders who committed their crime as an adult.

Tue
08
Aug
The Editors's picture

Multifamily Construction Starts Reveal Mixed Pattern In Top Metros

Multifamily Construction Starts Reveal Mixed Pattern In Top Metros

 During the first half of 2017, eight of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered decreased activity compared to a year ago, according to Dodge Data & Analytics.

 At the same time, metropolitan markets ranked 11 through 20 showed growth for nine of the ten markets, as smaller geographic areas are picking up the slack from the deceleration underway in those cities that have led the commercial and multifamily upturn over the past several years.

 At the national level, the volume of commercial and multifamily construction starts during the first half of 2017 was $87.5 billion, down 9% from last year’s first half, although still a slight 1% above what was reported during the first half of 2015.

Mon
07
Aug
John Triplett's picture

Apartment Pet DNA Testing Expands To “Travel Dog” Concept

Apartment pet DNA testing company has new product called Travel Dog

Pet friendly apartments have turned to pet DNA testing to help keep common areas clear of dog poop. It has worked for many apartment complexes.

By John Triplett

Rental Housing Journal

The company that started pet DNA testing for apartment buildings, PooPrints, has recently launched the Travel Dog membership program that

Brody, pictured above, is a Travel Dog member.

allows pet owners to register their pets in the DNA World Pet Registry using a simple DNA sample, according to a release.

Fri
04
Aug
The Editors's picture

The Main Reason People Are Not Buying Homes Is Affordability

Affordability of new homes main reason people choose to rent

A majority of people say new home affordability is the main reason they do not own a home, and not a desire to have the flexibility of renting, according to new research from John Burns Real Estate Consulting.

The trend of more people choosing to rent may be tied directly to the fact that new homes now are simply too expensive and unaffordable for consumers. Plus, builders have moved away from building new homes under $200,000 and focused on much higher priced new homes, according to the report.

“Rising new home prices across the nation have eroded new home sales under $200,000 and contributed to lackluster new home sales volumes,” write David Jarvis, John Burns Senior Vice President, and Matt Farris, Associate.

Tue
01
Aug
The Editors's picture

Seattle Home-Seller Profits Among Highest In Nation

Seattle home-seller profits among highest in the nation as length of homeownership also remains high

People selling their homes in Seattle have seen some of the highest profits in the nation at a time when home-sellers across the country are seeing the highest profits in 10 years, according to an ATTOM Data Solutions release.

Seattle has an on-going issue of lack of housing supply

“An ongoing issue in the greater Seattle area is a lack of supply which is aggressively driving up home prices,” Matthew Gardner, chief economist at Windermere Real Estate, in Seattle said in the release.

“The only short-term solution is to build more homes, but thanks to land constraints and construction costs, this simply is not happening at a rate that you would normally expect in a market like this,” Gardner said.

Mon
31
Jul
The Editors's picture

June Multifamily Rents Hit Biggest One-Month Increase In Years

June Multifamily Rents Hit Biggest One-Month Increase In Years

U.S. multifamily rents jumped $12 in June, posting the largest one-month increase in several years, according to a release from Yardi-Matrix.

Average rents rose $12 to $1,349, a 2.7% increase on a year-over-year basis, in the 121 markets the survey covered.

Mon
31
Jul
The Editors's picture

Older Millennials Leaving The City For Urban-Like Suburbs

Older Millennials Leaving The City For Urban-Like Suburbs

John Burns Real Estate Consulting’s latest research shows older millennials are leaving the city for urban-like developments in the suburbs which he calls surban.

By Annie Radecki

Senior Manager

John Burns Real Estate Consulting

The top-grossing restaurant in the Philadelphia metro used to be a French bistro in ritzy Rittenhouse Square, but a suburban mini-chain is now hot on its heels.

Philadelphia restauranteurs scoff at its success because City Works lies 20 miles outside of the actual city in the mixed-use Village at Valley Forge in King of Prussia, PA.

Tue
25
Jul
The Editors's picture

Nonresidential Construction Climbs While Multifamily Recedes

Nonresidential construction climbs while multifamily recedes

Residential building slipped 4% in June, as both sides of the housing market, single family and multifamily, retreated while other new construction starts in June grew 4% from the previous month to a seasonally adjusted annual rate of $679.9 billion, according to a release.

Through the first six months of 2017, total construction starts on an unadjusted basis were $342.7 billion, down 4% from the same period a year ago.

 If the manufacturing plant and electric/utility gas plant categories are excluded, total construction starts during the first half of 2017 would be up 1% from last year, according to Dodge Data & Analytics. The non-building construction sector rose 8% with the help of elevated activity for electric utilities.

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