In 2016, NMHC formed a non-profit (501(c)(3)) Research Foundation to produce research that will further support the apartment industry’s business interests.
More than 38 million Americans call an apartment home. Yet limited research exists on the industry that finances, develops and operates those homes—and contributes more than $3 trillion to the economy annually.
As the apartment industry has evolved in size and sophistication, research needs have expanded. NMHC’s Research Foundation engages with academic organizations and other foundations to address critical voids in apartment data.
The work supported by the NMHC Research Foundation raises the industry’s standard of performance and encourage worldwide investment in the sector.
In 2018, NMHC formed the Student Housing Research Fund as part of the NMHC Research Foundation to conduct research focused on the student housing industry. Learn more about the Student Housing Research Fund.
- Affordability in Purpose-Built Student Housing | March 2023
- Behind the Facade The Feasibility of Converting Commercial Real Estate to Multifamily | January 2023
- The Future of Student Housing Demand | July 2021
- Structural Changes in Student Housing Demand | July 2021
- What the U.S. can learn from rental housing markets across the globe | April 2021
- Filtering of Apartment Housing between 1980 and 2018 | April 2020
- The U.S. Student Housing Market: On-Campus, Student Housing and Student-Competitive Properties | January 2020
- Explaining High Apartment Returns | February 2018
- The Impacts of Rent Control: A Research Review and Synthesis | May 2018
- A description of the influence of international students on the United States’ upper-educational system over the past ten years to the present. This description should provide aggregate numbers of students entering the USA (and a comparison to numbers of domestic students), principal nations of origin, a breakdown of undergraduate vs. graduate, numbers of international undergraduates and graduates enrolling in Top 175 campuses for purpose-built student housing (and comparison to domestic numbers) and if available whether undergraduates elected off-campus housing. The analysis should exclude private universities. The analysis should include the economic impact of international students across the industry as well as select universities that have significant percentages of international enrollment.
- A projection of the number of international students coming to the United States over the next decade (including a comparison to numbers of domestic students). This analysis should provide projections of the aggregate numbers of students entering the USA, principal nations of origin, a breakdown of undergraduate vs graduate, numbers of international undergraduates and graduates enrolling in Top 175 campuses for purpose-built student housing (and comparison to domestic numbers). The analysis should include the economic impact on universities that have high enrollments of international students.
- An examination of the total international student population over a timeframe that includes a forward-looking view on global demand. Analysis of other nations international students may choose over the United States (past and future estimates and projections) and reasons why students may choose other nations. This should include how much influence other nations have in attracting international students over selecting the United States, such as financial support, emotional support, and ease of application and entry. What are the political influences both in the United States and internationally that may influence demand here in the US. Analysis should include a forward-looking view of the economic impact of all these factors on student housing demand as well as enrollment on those universities highly dependent on international enrollment.
- An analysis relative to specific housing design and amenities that developers and operators should consider providing at purpose-built properties to international students given changes in preferences and demand. Potentially consider focus groups of internationals students to supplement this analysis.
The impact of international students on the purpose-built student housing industry
The NMHC Research Foundation seeks proposals for a research study examining the possible impact of international students on the purpose-built student housing industry.
Submission Deadline: February 29, 2024
We seek a comprehensive report on the influence of international students on the student housing industry. This report would be designed to help owners, operators, developers, investors, analysts, and other participants in the student housing industry to understand the impact international students have had on the marketplace and their future footprint. Specifically, a report should provide:
The NMHC Research Foundation values creativity in study design and execution. Those submitting proposals are encouraged to consider additional/alternative approaches.
The NMHC Research Foundation is guided by a board of directors comprised of NMHC’s President, SVP for Finance and Administration, and SVP for Research. It is further advised by volunteer members of its Advisory Committee who provide input into the program of research.
- An assessment of risk-adjusted returns on apartments compared with other real estate and non-real estate assets (public and private)
- Case studies illustrating the various obstacles to apartment development, from NIMBY restrictions to zoning policies
- Analysis of the costs, challenges and effects of inclusionary zoning policies aimed at creating more affordable housing
- A study of energy consumption in multifamily buildings and guidance for improving energy efficiency
- A review of norms for parking ratios in new developments
- An examination of the age of the apartment stock and the implications for apartment rehab activity
- An exploration of the consumer need and business viability of “elder leases,” longer-term leases geared toward older and/or retired households
The NMHC Research Foundation funds unique and original research on a wide range of topics, including issues related to development and redevelopment activity, affordable and workforce housing, demographics, tax policy, regulatory environment and zoning and land use, among others.
Topics of interest
The NMHC Research Foundation would like to thank those companies and individuals that have made funding commitments.
RealPage, Weidner Apartment Homes, Marcus & Millichap, Clyde & Rena Holland and:
Avanath Capital Management
Bridge Investment Group
Camden Property Trust
City Club Apartments
Edward Rose & Sons
Essex Property Trust
Klingbeil Capital Management
Middleburg Red Estate Partners
Mill Creek Residential
Pritzker Capital Management
Real Capital Analytics
SARES REGIS Group
Stellar Capital Partners
Trammell Crow Residential
Western National Group