Archive for January 10, 2013

Factors Driving Continued Rental Demand

Here’s an interesting piece that highlights several factors in the continued demand for rental housing:

“There is clearly an unmet demand for homeownership among young households,” Barry Zigas, director of Housing Policy for Consumer Federation of America, told HousingWire. “Those households are running up against a number of constraints.”

Factors such as tighter credit, larger down payments and decreased income with the rising generation will all play into the increase in renters in the years ahead.

“Credit for homeownership borrowing will likely be tighter and potentially more expensive, relative to earlier times,” Zigas said. “Families will likely have less wealth because the rising generation is starting with less wealth. If down payments are at any significant level, it will be a barrier to acquiring a home for longer than may have been the case in the past.”


January 10, 2013 at 7:32 pm Leave a comment

Energy Savings in US Multifamily Stock Could Reach $9 Billion

From the MultiFamily Executive article:

Multifamily building stock in the United States has great potential for significant energy efficiency gains, with potential energy savings are estimated at $9 billion, according to a new report from the Institute for Market Transformation (IMT). Energy Transparency in the Multifamily Housing Sector, reports that while energy costs have risen 20 percent in the past decade, new energy benchmarking laws in major cities that require owners of multifamily buildings to measures or disclose their properties’ energy consumption are allowing owners, policymakers, utilities, and lenders to craft better programs and incentives for energy-efficient buildings. The carbon reductions associated with the $9  billion in estimated savings are the equivalent of shutting down 20 coal power plants according to IMT.

January 10, 2013 at 5:23 pm Leave a comment


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