RubinBrown Apartment Stats 2015

Executive Summary

and if policies and procedures need to be examined or changed. Unfortunately, there is no clear guidance contained in the Supreme Court’s opinion to answer these questions. Conclusion In 2014, single-family homeownership continued to fall and single-family construction remained near historical lows. However, the multifamily market experienced a strong year in 2014 which is expected to continue. Due to favorable demographics and an overall stronger economy, demand exceeds supply even with the increase in completed properties available. We expect to see completions remain above the long-term annual average for 2016. Depending on how many new households are formed and how much demand is released, supply could begin to out-pace demand in the coming years. RubinBrown invites you to utilize this study as a development and management tool to compare your financial operations to the operating results of your peers. This study also provides sound comparable data to utilize in formulating an acquisition model. Like all compilations of data, it will be most useful when carefully and properly interpreted. We sincerely thank everyone who took time to participate in RubinBrown’s survey.

the country now pay more than half of their income on housing, a staggering statistic that has leapt from 7.5 million households to 11.4 million households since 2001 with no signs of stopping. In 2009, the Secretary of Veterans Affairs, Eric Shinseki, set a goal to end veteran homelessness by the end of 2015. The government showed support for this goal by increasing funding for fiscal years 2013 and 2014 to end homelessness among veterans. Since 2009 the number of homeless veterans has decreased by 33%. According to data collected during a 2014 point-in-time count, 49,433 veterans were homeless on a single night during January 2014. On June 25, 2015, the United States Supreme Court released its decision in Texas Department of Housing and Community Development v. The Inclusive Communities Project, Inc. The court ruled in a 5 to 4 vote that the Federal Fair Housing Act allowed plaintiffs and regulators to seek redress for housing discrimination based on a demonstration of disparate impact. Disparate impact is the adverse effect of a practice that is neutral and non-discriminatory in its intent, however, disproportionately affects individuals belonging to a particular protected class. Because of the Court’s opinion, owners and operators may question the impact on day-to-day operations of multifamily units

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