Weekly News Roundup

Stay up-to-date on the latest news stories and trends that popped up during the past week.
To End the Affordable Housing Crisis, Washington Needs to Legalize Main Street

In a sign that market solutions for the United States’ growing housing affordability crisis are beginning to earn bipartisan support, the White House this week unveiled its “Housing Development Toolkit,” which encourages state and local policymakers to undertake a number of long-overdue reforms.

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Developers See Lenders Becoming More Selective with Multifamily Construction

The DC multifamily market, especially in booming neighborhoods like NoMa and the Capitol Riverfront, has a surge of supply coming down the pipeline. While population and job growth remain strong enough to keep absorption positive, lenders are becoming more hesitant to finance new construction and some are considering waiting a couple of years before breaking ground on new projects.

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Suburban Apartment Buildings Match Downtowns for Price Appreciation

Prices for apartment properties in the suburbs grew at the same pace over the last five years as they did in central business districts (CBDs).

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Higher Incomes Should Help Renters and Landlords of Class-B and Class-C Buildings

Higher household incomes are great news for the apartment business—both for property managers and for residents.

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Are Institutions Pulling Out of the Apartment Market?

Apartment demand is still hitting record highs, but a nominal shift in market fundamentals is changing the buyer pool. According to Gary Goodman, SVP of acquisitions at Passco Cos., says that institutional investors are leaving the market due to strategies that favor conservatism, and the shift is creating great opportunities for private buyers to pick up some really great assets that they might not have had access to.

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