This week’s multifamily roundup offers insights on the nation’s economic expansion, property prices and affordable housing’s impact on neighborhoods. First, CNBC’s Nightly Business Report takes a look at the current economic recovery, which is now the longest on record going back to 1854. Next, NREI notes that properties are still experiencing strong price growth, which hit 1.1% in May, according to Real Capital Analytics’ U.S. National All-Property Index. Arbor’s Chatter blog breaks down how utilities are factored into monthly rents by property type. Then, Reis announces its preliminary second-quarter 2019 apartment trends, including vacancy rates, rent growth and supply absorption. Finally, NAHB explores how Low-Income Tax Credit (LIHTC) housing can help increase property values and reduce crime rates in distressed neighborhoods. 

This is Now the Longest US Economic Expansion in History

NBR – July 3

“This month marks the 121st month of the economic expansion arising out of the great financial crisis, making it the longest run on record going back to 1854.”

CRE Property Prices Still Reaching for the Peak

NREI – July 2

“Year-over-year pricing growth jumped to 7.2 percent. In fact, the RCA Index shows that pricing is still moving up across all four of the core property sectors.”

How Paying Utilities Differs Among Apartment Renters

Arbor Chatter – July 3

“Going forward, improvements to submetering and monitoring technologies, and the emergence of smart buildings, will likely result in greater unbundling of utilities from monthly rental charges.”

Apartment Preliminary Trends, Q2 2019

Reis – July 1

“The national average asking rent increased 1.2% in the quarter while effective rent, which nets out landlord concessions, increased 1.3%.”

The Effect of Affordable Housing on the Surrounding Neighborhood

NAHB – July 1

“In distressed neighborhoods, the basic findings were that building LIHTC housing increases surrounding property values and reduces crime rates.”