Rental Real Estate Industry News - November 26, 2013

Image by star5112 via Flickr

Image by star5112 via Flickr

In this week’s rental industry news, data shows that Americans are not moving as much as they did in previous years, but in the meantime demand for multifamily homes is still increasing. See how one apartment community is encouraging faster commutes and healthier lifestyles with free bike rentals.

Data Shows Americans Moving Less; What this Means for Multifamily 

Americans are on the move, though not as much as in recent years. According to the U.S. Census Bureau, 35.9 million U.S. residents (or 11.7 percent) moved between 2012 and 2013. This shows a decline from the 12 percent of Americans who moved in 2012. Find out what this means for multifamily.

Rentals Push U.S. Home Permits to 5-Year High

U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year. Nearly all of the increase was for multifamily homes, which rose 15.3 percent.

Apartment Offers Free Bicycles and Bike Rentals to Tenants

An off-campus university housing provider is offering tenants free bike rentals as part of an effort to speed up students’ commutes, reduce pollution, and promote healthy lifestyles.

Two Real Estate Comeback Stories

Meet two multifamily developers who are in the second go-round of their real estate careers. Look at the developer’s current projects and how they aim to use real estate to change their communities.

Multifamily Market Off Recent Peak, but Still Positive 

The Multifamily Production Index (MPI), published by the National Association of Home Builders (NAHB), reached 54 in the third quarter, which is lower than results from the second quarter, but the seventh consecutive reading above 50.

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