Rental affordability, thriving metros and the introduction of mixed-use design are the key topics discussed in this week’s multifamily news updates. First, Urban Institute examines how affordable homeownership is to renters in various metros across the U.S. Then, NREI takes a closer look at the advantages of investing in affordable properties, concluding that steady demand and generally high occupancy make this an attractive asset class. Arbor’s Chatter blog provides an investment snapshot of the Los Angeles market followed the United States Census Bureau’s analysis of the population growth of Texas by city and county. Finally, Multifamily Executive determines the pros and cons associated with the implementation of mixed-use design projects.
Where Can Renters Afford to Buy Homes?
Urban Institute – March 29
“Our index shows that, nationwide, more than one in four renters have incomes that put homeownership within reach.”
The Appeal of Affordable Housing to For-Profit Investors
NREI – March 27
“Affordable housing properties tend to produce consistent, steady income from rents. In many markets, they are fully-occupied, dependable performers and can often be safer investments than conventional, class-A apartment buildings.”
Los Angeles Multifamily Rents Hit New Highs for 2017, Class B/C Vacancies Decrease
Arbor Chatter – March 30
“Los Angeles remained one of the more sought-after multifamily markets in the U.S. during 2017, as rent growth and investment volume ranked near the top nationally.”
New Census Bureau Population Estimates Show Dallas-Fort Worth-Arlington Has Largest Growth in the United States
U.S. Census Bureau – March 22
“The top 10 largest-gaining counties were in Texas — Bexar, Collin, Dallas, Denton, Harris and Tarrant. The remaining four counties on the list were Maricopa County, AZ; Clark County, NV; Riverside County, CA; and King County, WA.”
10 Urban Projects That Nail Mixed-Use Design
Multifamily Executive – March 15
“The “live-work-play” lifestyle is a growing priority for renters, and mixed-use developers are responding with designs and amenities that set their community apart from the rest.”