Long-term flood insurance, sustainable design features and single-family renter demand are explored throughout this week’s selection of industry new stories. MBA, along with nearly two dozen industry trade groups, are pushing Congress to take action and implement a long-term extension for the National Flood Insurance Program. Then, NREI states that as more renters come to expect sustainable design features, building owners are incorporating these design components as part of their plan to renovate and refinance existing properties. Arbor’s Chatter blog explores the rise of single-family rental demand and the factors contributing to it in an informative infographic. Next, Yahoo Finance covers the rise of surban communities, suburban communities with the conveniences of urban life. Finally, MBA concludes with a report on commercials/multifamily vacancy rates and asking rents.
MBA, Trade Groups Urge Congress to Pass Long-Term Flood Insurance Extension
Mortgage Bankers Association – July 11, 2018
“Flooding is the most common and costly natural disaster in the United States. We are working with Congress to enact a long-term reauthorization, while also supporting efforts to reform and modernize the NFIP and increase the number of properties insured against the peril of flood.”
Apartment Renters Now Expect Sustainable Design Features in Their Units
NREI – July 10, 2018
“Apartment renters have come to expect green building features like good indoor air quality and energy efficiency, making them more of a requirement in many markets.”
Demographics Drive Single-Family Rental Demand
Arbor Chatter – July 10, 2018
“The average suburban home with a yard and a two car garage may not be the first image that the word “rental” brings to mind, but single-family homes have quickly become one of the most sought after rental sectors on the market.”
Young Couples and Retirees Ditch the City for a New Kind of Suburb
Yahoo Finance – July 6, 2018
“Urban planners have long described a marriage of residential and commercial as “mixed-use” communities. This surban concept, while not novel, has been gaining popularity over the past few years.”
MBA 1Q Commercial/Multifamily DataBook Reports Vacancy Rates, Asking Rents Up Slightly
Mortgage Bankers Association – July 11, 2018
“After two years of declines, property sales transactions held firm in the first quarter. Total sales volume for the major property types rose three percent between first-quarter 2017 and first-quarter 2018.”
