America’s Rental Housing 2024 report by the Joint Center for Housing Studies of Harvard University has found that although high volumes of new supply has come online, more renter households are cost burdened than ever before, and a record number of people are experiencing homelessness. We welcome back Whitney Airgood-Obrycki, senior research associate and lead author, to discuss what these findings mean for the nation's renters and multifamily industry.  Chapter 1: 00:00 – Overview of the key findings Chapter 2: 12:27 – Composition of today's renters Chapter 3: 16:28 – The pressing issue ..read more

In this episode, we explore innovations to the affordable housing application and qualification process with Christine Wendell, co-founder and CEO of Pronto Housing. Pronto Housing is a software start-up with a mission to make the affordable housing process more accessible, intuitive and efficient for residents.  Chapter 1: 00:00 – Navigating the affordable housing landscape Chapter 2: 06:56 – Streamlining access and reducing application fatigue Chapter 3: 09:58 – The missing middle: Bridging gaps in affordable housing Chapter 4: 27:17 – Transitioning from a paper-driven process ..read more

In this episode, we explore the human impact of multifamily development with Jamar Adams, founder of Essence Development. Essence is a social impact firm dedicated to bringing hope to affordable, workforce and mixed-income housing communities. Chapter 1: 00:00 – Connections between property, market, and people Chapter 2: 06:00 – Building communities with the community Chapter 3: 10:27 – Healthcare, healthy food and hope Chapter 4: 27:17 – The human impact of design ..read more

The conversation around energy efficiency has evolved to electrification and decarbonization. To demystify those processes, Corey Aber and Luba Kim-Reynolds invited Lisa Brylowski, senior vice president of ESG Management at Brookfield Real Estate to, to walk through what it means to make assets greener in the commercial real estate space and for multifamily properties. Chapter 1: 00:00 – Decarbonization and net zero 101 Chapter 2: 11:18 – Determining emissions at a property Chapter 3: 21:18 – Green Certifications and embodied carbon Chapter 4: 29:42 – Balancing decarbonization and affordable ..read more

Our Multifamily Podcast team is snowed in at Pine Tree, Vermont! While they wait for facilities to come dig them out, the co-hosts discuss their resolutions, highlights from the year (including reaching 100K listeners) and more. Thank you to all our listeners across the U.S. and around the world. Happy New Year ..read more

Economic conditions appear to be moderating as we head into 2024, and expectations are for the multifamily market to see positive but weaker growth in the year ahead. Corey Aber and Sara Hoffmann invite Michael Donnelly, Multifamily research manager and co-author of the 2024 Multifamily Outlook report, to discuss the market trends and forecasts for 2024. Chapter 1: 00:00 – Economic big picture Chapter 2: 06:50 – Pressure of increased supply Chapter 3: 09:05 – Metro-level analysis Chapter 4: 11:46 – The next generation of renters Chapter 5: 13:39 – Cap rates and valuations Chapter 6: 18:39 – V ..read more

In this episode, Corey Aber and Luba Kim-Reynolds welcome Claire Kramer-Mills from the Federal Reserve Bank of New York to the show. They dive into her team’s research on decarbonization of affordable housing in the state and New York City, discussing the impacts of legislation on affordable properties and the opportunities that exist to begin the electrification process. Chapter 1: 00:00 – Introduction: The future of housing in New York Chapter 2: 06:19 – Overview of NY affordable housing stock Chapter 3: 13:21 – Unique impact of decarbonization on small properties Chapter 4: 19:10 – Programs ..read more

Renters, particularly those of low income, are facing significant affordability challenges. In this episode, Corey Aber and Sara Hoffmann welcome back Kevin Burke, senior on the Multifamily Research team and lead author on the Rental Affordability Curve paper. Kevin walks through how the Rental Affordability Curve estimates what percentage of the renter population likely faces affordability challenges and how severe the challenges are within specific income bands. Chapter 1: 00:00 – Industry methods of measuring affordability versus the Rental Affordability Curve Chapter 2: 06:26 – What does t ..read more

At the intersection of space, debt and equity is where commercial real estate sits right now, according to Jamie Woodwell, vice president & head of Commercial Real Estate Research at the Mortgage Bankers Association.  In this episode, Corey Aber and Sara Hoffmann sit down with Jamie to discuss this intersection and how recent events may be impacting the broader commercial real estate space.  Chapter 1: 00:00 – Setting the stage Chapter 2: 03:31 – The space market (apartment, office, retail space) Chapter 3: 11:09 – The debt market Chapter 4: 14:16 – The equity market Chapter 5: 1 ..read more

In this episode, Corey Aber digs into the Midyear Outlook with Sara Hoffmann, research director and a lead author on the report. They discuss how the multifamily market is stabilizing, forecasted performance and the factors that are slowing multifamily origination volume. Chapter 1: 0:00 – Long-term trends vs. today Chapter 2: 7:09 – A return to seasonal patterns? Chapter 3: 10:28 – Rates go up, economy slows down Chapter 4: 14:43 – Rent performance across markets Chapter 5: 19:04 – Supply and demand Chapter 6: 21:05 – Top 10 and bottom 10 markets Chapter 7: 23:43 – Volume expectations ..read more