The multifamily sector could save almost $3.4 billion annually, nationwide, on energy costs with a full expansion of efficiency upgrades, according to a new report from the Washington, D.C.–based American Council for an Energy-Efficient Economy (ACEEE) and Chicago-based think tank CNT Energy.
Our next edition of the Apartment Investor Series will illustrate methods used by experienced investors to maximize income and minimize expenses for apartments.
The latest Quarterly Survey of Apartment Market Conditions from National Multi Housing Council indicates that improving market conditions continue to be an advantage for the multifamily industry.
Investors continue to view apartments as a preferred asset class in today’s environment and long-term demographic changes favor rental housing.
With new construction of apartment units down about 90 percent from past averages, the demand is strong and will be for years.
U.S. apartment vacancies fell to a five-year low in the third quarter, enabling landlords to increase rents even as tepid job growth slowed leasing in what is usually a strong season for demand.
Multifamily finance professionals are growing increasingly optimistic, budgeting for continued growth in 2012 as the industry plots its course through the early stages of a strong recovery.
HUD announced that $25 million is available through its new Multifamily Energy Efficiency Pilot program. Once awarded, these grants will help develop new innovative approaches for multifamily residential properties to reduce their energy consumption, lower greenhouse gas emissions, while saving money for the residents, property owners and taxpayers.
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