Multifamily / Page 41

With over 40 million Americans sheltering-in-place in their apartment homes, updated data from the National Multifamily Housing Council (NMHC) shows that despite COVID-19 and the subsequent economic crisis, most renters are completing their rent obligation. As of April 19th, 89 percent of renters had made a full or partial payment, up five percent from last […]

Click here to download full report COVID-19 has impacted the U.S. economy and has affected millions of Americans. While it’s difficult to determine how many of the 40 million apartment renters have been negatively affected, it’s clear that many will face financial hardships. The data provided by the National Multifamily Housing Council (NMHC), which is […]

With ongoing COVID-19 events affecting millions of Americans, unprecedented circumstances are following. So far, 16 million Americans have filed for unemployment, and 93 percent of the population has been mandated to shelter-in-place, affecting the 40 million renters in the United States. The multifamily industry is playing a large role by seeking federal relief for both […]

Last week the IRS issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. COVID Relief for taxpayers claiming NOLs Revenue Procedure 2020-24 (PDF) provides guidance to taxpayers with net operating losses that are carried back under the CARES Act by providing procedures for: waiving the carryback period in the case […]

On March 27th, 2020 President Trump signed into law a historic $2 trillion stimulus package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This stimulus package will help jolt the sudden stop we’ve seen in economic activity in the U.S., reduce the risk of a larger decline in employment, and aid in a post-virus […]

Through most of the U.S. economic expansion, the apartment sector has been a favored asset class. Investors were excited about renter growth and millennial increases in urban locations, and as a result, investment in mid to high-rise properties surged. However, before the fears of the coronavirus pandemic took hold, the apartment deal activity in February […]

Gen Z, the new generation of renters, are young, innovative, and hard to define. They have grown up using social media as their main communication platform, and we are still waiting to see how they will impact the multifamily market. Millennials, the generation before Gen Z, are also redefining the multifamily housing market. They are […]

Since December 2018, rent appreciation has steadily increased, indicating this growth will not slow down any time soon. Key fundamentals such as higher national wages, job growth, and unemployment rates at a 50-year low have all contributed to the increasing popularity of renting, thus feeding into rental rate growth. Although majority of multifamily developments as […]

Due to numerous market factors, the real estate development industry is struggling to deliver new multifamily product in an affordable price range while at the same time being profitable. Developers have long blamed the high cost of labor and construction prices as the impediment to supply, and now they point to uncertainty around tariffs and […]