Rental Real Estate Industry News - November 26, 2013
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.
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.
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.
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.
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.
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.