What Is NAAPAC? If you are in housing, you are in politics. From fair housing to flood insurance, energy to the environment, the 535 members of the US Senate and House of Representatives play a huge role in shaping the policy and economic climate for the apartment housing industry. It…
Author: Rebecca McLean
According to the Wall Street Journal, rents will continue to rise next year. Read the full story here: https://www.wsj.com/articles/apartment-owners-golden-age-primed-to-continue-in-2022-11640091602
U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the HUD Health and Safety Accountability Act to hold property owners and managers of Section 8 Project Based Rental Assistance (PBRA) housing accountable for health and safety conditions of properties. The legislation would also empower local governments to have more…
The National Multifamily Housing Council (NMHC) says that 78.2% of apartment households made a full or partial rent payment by November 6th, 2021. This figure is 2.2% lower than those who paid rent through November 6, 2020. The data comes from the NMHC’s Rent Payment Tracker which uses data from…
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in October, 2021 was up 11.8% and the median two-bedroom rent was up 14.3%, since March, 2020. Be sure to check out their list of the top 100 metro…
The U.S. government is reporting that the national vacancy rates for Q3, 2021 were 5.8% for rental housing and 0.9% for homeowner housing. The national homeownership rate for Q3, 2021 was 65.4% (same as Q2). In addition, approximately 89.3% of the housing units in the United States in Q3 were…
During 2020, renter households (in professionally managed properties) spent an average of 27% of their income on rent. The data, from the NAA, also points out that only six states had rent-to-income percentages higher than the oft-cited 30% threshold. Click here to download a PDF of this chart (good for…
Property owners have partnered with area organizations and government agencies to get trained on online portals in order to assist tenants with their rent. The training, on October 19, will enable landlords to access the online portals and submit tenants who are behind on their rent. Community Action Agency Greater…
An article in the Wall Street Journal today confirmed what we knew would happen all along. More than six weeks after the federal ban ended, mass evictions have largely been avoided. GCNKAA has worked closely with local governments, local government agencies, and private charitable groups to ensure that residents could…
According to Apartment List’s October National Rent Report, only a few cities still remain cheaper than what they were pre-pandemic – and they say those are unlikely to remain much longer. In addition, they report that since January the national median rent has increased by a staggering 16.4%. They put…
