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Results available for the NMHC 2013 National Apartment Survey of Compensation
The 14th Annual NMHC National Apartment Survey of Compensation is now available for purchase. As the apartment industry's comprehensive source for compensation and employment information, the 2013 Survey provides data for more than 80 corporate and on-site positions, from executives to property managers and leasing staff. Survey highlights include; salaries and planned increases for the coming year, short- and long-term incentives, trends in work/life policies and more.
Save the date — Preview 2014, an apartment industry forecast breakfast
Oct. 11 at the Union League Club Chicago
For more than 15 years the Chicagoland Apartment Association has annually hosted our Preview Breakfast, a forecast of the apartment industry, to provide owners and managers with valuable information on market trends for the upcoming year. While many have copied our format none have duplicated it.
Our owner's panel is Metro Chicago rental market representative, including city and suburban owners as well as the independent and affordable rental housing owner perspective.
Nationally recognized economist James Glassman, JP Morgan Chase, will make economic market trends understandable to the rental housing market attendees.
Our good friends from Appraisal Research, Ron DeVries and Gail Lissner, will share the most up-to-date analysis of transactions, planned developments and rent trends in both the city and suburbs.
CAA President, Greg Lozinak will give a brief update on legislative trends and CAA actions on behalf of the industry to protect private property rights and minimize the economic impact on our industry.
CAA is the Recognized Leader for Advocacy and Resources to the multifamily industry.
CAMME sponsorships now available
Click on the CAMME page of the CAA website to select your sponsorship while they last. Sponsorships are sold on a first-come, first-served basis. Online registration is also available for the Oct. 25 event.
Welcome new members!
Last chance to earn your CAM and CAS designations in 2013!
Enhance your professional growth in the apartment industry, and take your career to the next level. Designation training helps you manage your apartment community and your team more effectively.
Don't miss Apartment All Stars at US Cellular Field!
For the first time in several years, this unique blend of national speakers returns to Chicago for an innovative and motivating leasing seminar to help you get ahead of leasing trends to compete in today's rental market. Join us Sept. 25 at U.S. Cellular Field Conference Center (free parking) and stay in the game!
Maintenance techs — are you ready for the Mania?!
On Nov. 14, more than 100 multifamily maintenance technicians will come together at JC Restoration in Rolling Meadows to share best practices and compete in skill-based table games (in addition to a pinewood derby). Registration is now open and sponsorships are available and selling fast. Don't miss the opportunity to support and cheer on some of our industry's most valuable players!
Housing starts in US rise on multifamily properties
Builders started work on fewer single-family homes in July, marking a pause in the residential construction rebound that's helping to propel the U.S. economy.
Work began on 2.2 percent fewer individual homes last month, taking them to a 591,000 annualized rate, the least since November, Commerce Department data showed in Washington. Total housing starts climbed to an 896,000 pace, propelled by a rebound in the multifamily category, which can be volatile.
The dark side of downtown's apartment boom
Crain's Chicago Business
Downtown apartment landlords have 3,000 reasons to be worried about a coming glut.
Landlords have known for a while that more than 5,300 downtown apartments will be completed in 2013 and 2014, the biggest supply surge since at least 1990. But a new report is predicting another 3,000 rental units or more in 2015.
Small-business jobs rise as economy improves
Small-business hiring and confidence about the future are rising, a signal of the economy's growing strength and diminishing concerns about employee insurance coverage required by the new health care law. Job creation at small companies has almost doubled in the last six months, reaching 82,000 jobs at firms with 49 or fewer employees in July, according to payroll processor ADP.
Luxury apartments coming to Wheeling
Wheeling is moving forward on a new 288-unit apartment complex that will cater to young commuters looking to rent luxury living.
The modern apartments will be on about 20 acres at 100 and 250 Northgate Parkway, vacant except for Northfield Presbyterian Church, which will be demolished. Reva Development Partners plan to build nine apartment buildings with one clubhouse.
Direct mail delivers in the age of the consumer
By Charley Howard
We live and work in the "age of the consumer" where people have access to what they want, when and how they want to receive it. Digital is undoubtedly a major component in the new omnichannel environment. Given its prominence, we may ask: What is direct mail's future? Is mail still relevant? Absolutely! With its ability to engage customers through highly variable and customized content, direct mail remains an important and viable part of virtually any brand's multichannel mix, and that includes working in concert with digital channels.
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How to build and grow your personal brand
Business 2 Community
Your personal brand can also be defined as your "online reputation." Whether you're an employee or self-employed, developing and managing your online brand is essential. If you apply for a new job, one of the first things a potential new employer will do is Google your name. If you're self-employed and have approached potential new customers, it is likely that they will do the same. When this happens, you want to make sure you're in control of the information that gets presented to them. In fact, you cannot afford to not be.
The rise of retired renters is the housing market's new story
The number of first-time buyers entering the property market has reached its highest level since 2007, but at the other end of the property market it is a different story.
Research from Prudential has found that greater numbers of retired people are choosing to step off the property ladder to rent. One-third of renters are now aged over 41 according to the research, compared to one-fifth just two years ago
Board members: Silence is not governance
By Bob Harris
A meeting of the board of directors should include robust discussions and lively debates. Communication and curiosity is at the heart of good governance. Directors have a fiduciary duty to fulfill their roles. Officers or directors, whether inexperienced or seasoned, have accepted the duty to advance and protect the interests of the members, mission and organization. Being silent or absent at board meetings is not acceptable.
Missed last week's issue? See which articles your colleagues read most.
CAA In Focus
Colby Horton, Vice President of Publishing, 469.420.2601
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Ashley Whipple, Senior Content Editor, 469.420.2642
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