Property Management News
New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications portal for ancillary dwelling units (ADUs) at one- and two-family homes across the five boroughs, a key part of Mayor Eric Adams’ City of Yes housing plan that passed last year. Adams also announced the “ADU For You” program to provide guidance and resources, including design help, to homeowners building ADUs. “Too many New Yorkers are forced to choose between having a roof over their heads in an Ancillary Dwelling Unit or living in safe, regulated housing. New Yorkers no longer have to choose,” Adolfo Carrion, Jr.,... Read more
Key Takeaways More than 1,000 tenants living in Capital Realty Group-owned properties are organizing a multi-state tenant union campaign to push for collective...
Rent Prices Dropping Across All Unit Sizes Median rent declined across units in all size categories examined by realtor.com. Studio rents dropped to $1,430 per month,...
After multifamily REITs set near-record renewal rates through the first half of the year, renters are starting to look for new options that save them money or...
Key Takeaways Modular construction made up 8.8% of US apartment starts in 2024, showing its strongest adoption yet. A bipartisan Senate bill could modernize financing...
The cost of renting a home in the U.S. has soared over the past 20 years, especially in the immediate aftermath of the pandemic, as inventory tightened despite an increase in total housing. According to a recent report by the Census Bureau, the country added more than 22 million homes between 2005 and 2024, but the effective number of vacant homes during this same time frame rose by only about 570,000. This shortage of both for-sale homes and rental units have sent prices up for both buyers and renters. How Have Costs Changed for US Renters? In 2005, renters paid a median $728 dollars a month for rent and utilities, the equivalent of about $1,176 in 2024, adjusted for inflation. The... Read more
Rents fell for the 25th straight month in August, with prices down 2.2% year-over-year and momentum shifting as more renters opt to move for better value amid an...
Key Takeaways On-time rent payments are slipping, with late payments reaching 11.7% in June 2025—the highest since mid-2024. Full rent collections remain steady,...
In April 2023, as a bitter debate raged between landlords, tenants and policymakers over how to bring vacant, low-cost apartments back to the rental market during a...
Manufactured housing sees rising demand and investor interest, becoming a top-performing asset in commercial real estate. Key Takeaways Manufactured housing is seeing...
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