NMHC and Third-Party Research Reports

Industry Overview

• 2010 NMHC 50 - Annual Ranking of the Largest Apartment Owners and Largest Apartment Managers
  Annual ranking of the 50 largest apartment owners and the 50 largest apartment managers. Includes analysis and rankings. (April 2010)

• Demographic and Economic Drivers of Future Apartment Demand
  Professor Chris Nelson (University of Utah) outlines profound changes in our society that will dramatically increase demand for rental housing and make it 50% of new housing demand from 2010-2020. (2010)

• 2010 State of the Nation’s Housing
  Harvard University's annual report on the state of the nation's housing sector. This year's report, which NMHC helped sponsor, provides useful information assessing the housing market downturn and demographic trends driving long-run housing demand. (June 2010)

• Research Report: A Case for Investing in U.S. Apartments
  Research report illustrating the benefits of investing in U.S. apartments today by highlighting key factors that influence their superior risk-adjusted performance and positive contribution to diversified real estate portfolio returns. (March 2009)

• Apartments: A $1.3 Trillion Market
  Report estimating the value of the nation's apartment stock and its growth over the past 10 years. The analysis also provides the estimated value of the apartment stock in 71 of the largest U.S. metropolitan areas. (October 2001)

• The Upscale Apartment Market: Trends and Prospects
  NMHC-commissioned research providing the first statistical analysis of "upscale" renters and their apartments.

Apartment Demand and Resident Demographics

• Renter Credit Quality in a Volatile Housing Market
  NMHC White Paper examining the impact of the foreclosure crisis on rental applicants, resident applicant credit quality, and factors apartment firms should consider when screening potential residents today. (July 2008)

• The Changing Demography of Multifamily Rental Housing
  Discusses recent changes in the number and characteristics of renters and projects their future growth and composition. Reprinted with permission from Fannie Mae Foundation from Housing Policy Debate. (May 1999)

• ULI Report: The Future of American Housing
  The Urban Land Institute report “Housing in America: The Next Decade” examines U.S. housing markets trends. (March 2010)

• NMHC Research on the Growing Demand for Apartments in Urban Environments
  NMHC research on the growing demand for apartments in urban environments. (November 1998)

• Diversity Spreads Out
  Research report by Brookings Institution documenting the expansion of minorities into new destinations. (03/10/06)

Technology

• Apartment Renter Technology Survey
  Comprehensive research report that explores which technologies renters currently use in their daily lives and which ones they desire in their apartment homes. (February 2007)

• 2010 NMHC Information Technology Investment Benchmarking Survey
  Updates a 2008 survey to offer firms a benchmark that allows them to compare their Information Technology spending and staffing levels with those of their peers. (April 2010)

• 2005 Property Management Software User Satisfaction Scorecard
  Unique user satisfaction survey of the 16 leading property management software products. (November 2005)

Student Housing

• NMHC Special Student Housing Report: Has the Recession Had an Impact?
  Seeks to determine whether the dramatic U.S. economic downturn has had an impact on enrollment and on-campus dormitory vacancy rates. (September 2009)

• What Do Students Want: Understanding Today’s Off-Campus Student Housing Market
  Explores explores what students look for when selecting an off-campus apartment based on in-depth focus groups at nine universities. (September 2007)

• Student Housing 201: 2004-2006 Rent Growth in 64 College Towns
  Finds that at a time when conventional apartment properties were struggling with concessions and lower effective rents, many properties targeting students were posting rent gains. (September 2006)

• Student Housing 103: A Survey of 184 University Housing Departments
  Examines enrollment trends, existing on-campus housing stock and each school’s own prediction of its need for future on-campus housing. (September 2005)

• Student Housing 102: An In-Depth Look at Properties Leased By-the-Bed
  Follow-up study to NMHC's Student Housing 101 report. This report reviews how "by-the-bed" properties differ from conventional properties. (January 2005)

• Student Housing 101: Where are the Opportunities?
  NMHC research report documenting significant development, operation and rehabilitation opportunities in the student housing market. (September 2004)

Apartment Construction/Sustainable Development

• Strategies and Costs to Exceed ASHRAE 90.1-2004 Requirements in a Multifamily Apartment Building
  Examines the costs and feasibility of large increases in energy efficiency for apartments. Identifies the most cost-effective ways to meet mandatory and voluntary energy-efficiency goals. (April 2008)

• Capital Improvements to Apartments: Projections for States and Metro Areas
  NMHC research on the $5 billion spent annually on apartment upgrading. Estimates the number of apartments upgraded, the types of jobs and the amount spent on improvement for each state and the 25 largest metro areas. (July 2000)

• Measuring and Interpreting the Recent Increase in Central City Housing Construction
  Statistical support for the anecdotal reports of increased urban apartment construction trends. (June 2000)

• Toward a New Metropolis: The Opportunity To Rebuild America
  Brookings Institution report that examines projected trends at the national, state and metropolitan level to determine the estimated demand for new housing, commercial, and industrial space over the next quarter century. Finds that in 2030, about half of the buildings in which Americans live, work, and shop will have been built after 2000. (12/2004)

Affordable/Workforce Housing

• Middle Market Rentals: Hiding in Plain Sight
  The first comprehensive study of the equity, debt and brokerage opportunities in the middle rental market. (May 2004)

• Housing Affordability: The Apartment Universe
  NMHC research finding that despite the economic expansion of the late 1990s, there has been little change in our affordability problems since 1989. (August 2002)

• MIT/CRE Study on Rent Control and Housing Stock Deterioration
  Research examining the impact of rent control on the level of housing maintenance performed and overall housing deterioration. (May 1999)

• Paycheck to Paycheck: Interactive Database of Wages and Housing Costs
  How many teachers can afford to live in your community? This Center for Housing Policy of the National Housing Conference database presents wage information for more than 60 occupations and home prices and rents for nearly 200 metropolitan areas.

Homeownership and Housing Policy

• NMHC Research: High Homeownership Rates May Lead to Higher Unemployment
  States with higher homeownership rates have higher unemployment rates, according to this report. Suggests homeownership may constrain labor mobility and thus lead to higher unemployment. (January 2000)

• America's Rental Housing: Homes for a Diverse Nation
  Valuable research by Harvard University analyzing the dynamics of the rental housing sector. (March 2006)

• White Paper: Overcoming Opposition to Multifamily Rental Housing
  White paper that examines the nature of local resistance to apartments, the reasons behind it and how it can be overcome. (January 2007)

REITs

• Leverage and Value in Apartment REITs
  NMHC research showing apartment REITs can handle more debt because of their unique financial advantages. (September 1999)

• Research Notes: How Do Apartments Fare During Recessions
  This issue of Research Notes looks at apartment performance in prior recessions to gauge the likely impact of this one. (October 2001)

• Strategic Management of the Apartment Industry in a Big REIT World
  Find out how apartment firms can survive and thrive in an age of growth and consolidation? (June 1998)

Human Resources

• Results: 2010 NMHC National Apartment Survey of Compensation and Benefits Practices
  The apartment industry's premier source for comprehensive compensation, benefits, and employment data, the 2010 Survey provides key benchmarks for more than 70 industry positions based on data submitted by 104 leading apartment firms. (August 2010)