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Who Buys Source

Profiling adults 18+ who referred to the Yellow Pages for an apartment in the last year:

MRI 2009 Doublebase, 2009

Of those adults 18+ who consulted the Yellow Pages for an apartment in the past year, 58.4% were women and 41.6% were men.

MRI 2009 Doublebase, 2009

Adults 18+ who referred to the Yellow Pages for an apartment in the last year, by age group: 18-24, 28.5%; 25-34, 27.9%; 35-44, 18.8%; 45-54, 13.2%; 55-64, 7.5%; 65+, 4.1%.

MRI 2009 Doublebase, 2009

Adults 18+ who consulted the Yellow Pages for an apartment in the previous year, by race: White, 59.5%; Black, 24.7%; Other, 15.8%; Hispanic origin, 16.1%.

MRI 2009 Doublebase, 2009

Adults 18+ who referred to the Yellow Pages for an apartment in the past year, by income bracket: $100,000+, 16.0%; $75-99,999, 11.2%; $60-74,999, 10.4%; $50-59,999, 9.5%; $40-49,999, 9.4%; $30-39,999, 12.1%; $20-29,999, 13.1%; under $20,000, 18.3%.

MRI 2009 Doublebase, 2009

Adults 18+ who referred to the Yellow Pages for an apartment in the last year, by region: Northeast, 16.9%; Midwest, 20.4%; South, 40.5%; West, 22.2%.

MRI 2009 Doublebase, 2009

Adults 18+ who consulted the Yellow Pages for an apartment in the last year, by marital status: Single, 46.4%; married, 35.1%; separated/widowed/divorced, 19.5%.

MRI 2009 Doublebase, 2009

Incomes of apartment-renting households: Under $20,000, 34.3%; $20,000-$49,999, 38.4%; $50,000+, 27.3%.

National Multi Housing Council, 2009

When They Buy Source

Historically, the peak season for the apartment rental industry extends from April to August.

Apartments.com, 2010

Why They Buy Source

According to a study of the amenities most searched for by apartment seekers visiting ApartmentGuide.com, the five most popular were: 1. Parking garage; 2. Swimming pool; 3. Fitness center; 4. Gated access or gated entry; 5. Proximity to public transportation. Other amenities that were frequently sought after by the apartment hunters included wireless or high-speed Internet access, covered parking, on-site laundry facilities and storage space.

ApartmentGuide.com, 2010

Based on a 2010 survey conducted by Apartments.com, 89% of apartment residents said they would prefer to live in a "green" apartment community, and 25% indicated they would pay more in rent to save money in energy costs.

Apartments.com, 2010

According to a survey by Apartments.com, more than 35% of renters said that location and neighborhood have the biggest impact on their decision to choose one apartment over another, if rent is not an issue. Nineteen percent said size of the apartment matters most.

Apartments.com, 2009

How They Buy Source

The average price of an existing condo/co-op property sold in the U.S. in 2009 was $216,300, down from $250,500 in 2008 and $264,300 in 2007.

National Association of Realtors, 2010

Average prices of existing condos/co-ops sold in 2009, by region (with change from 2008 parentheses): Northeast, $267,800 (-7.2%); Midwest, $197,200 (-15.6%); South, $172,500 (-16.7%); West, $206,200 (-20.9%).

National Association of Realtors, 2010

Based on a study of the largest U.S. markets, conducted by research firm Reis Inc., metro markets experiencing the biggest gains in apartment rents during 2009: Colorado Springs, +2.5%; District of Columbia, +2.0%; San Antonio, +1.5%; Dayton, +1.4%; Little Rock, +1.3%; Chattanooga, +1.2%; Austin, +1.0; Suburban Maryland, +1.0%; Louisville, +0.8%; Pittsburgh, +0.8%. Metro areas experiencing the biggest rate declines: San Jose, -8.0%; New York, -6.8%; Orange County (CA), -5.5%; San Francisco, -5.3%; Ventura County (CA), -5.1%; Los Angeles, -4.6%; Miami, -4.6%; Las Vegas, -4.6%.

The Wall Street Journal, 2010

Seventy-six percent of apartment residents pay their rent with a check delivered to the office; only 12% pay via a credit card and 10% pay via an automated bank transfer. 

National Multi Housing Council, 2009

What They Buy Source

Of those apartments completed in 2008, 16% had three or more bedrooms, while 46% had two bedrooms, 34% had one bedroom and 3% were efficiences.

U.S. Census Bureau, 2010

Share of apartments built in 2008, by square feet per unit: Under 1,000 sq. ft., 32%; 1,000-1,199 sq. ft., 24%; 1,200-1,399 sq. ft., 19%; 1,400+ sq. ft., 24%.

U.S. Census Bureau, 2010

Today, more apartment communities are offering flexible leasing terms that range from month-to-month, to 2-10 months, to two years.

Apartments.com, 2010

A 2008 survey by Apartments.com found that 69% of renters spend at least something on new home decor, electronics, furniture and bedding/bath/home items when moving to a new apartment.

Apartments.com, 2008

Where They Buy Source

Top states in the number of apartments built in 2009 (includes only those units in structures with five or more units): 1. Texas, 15,238; 2. North Carolina, 8,164; 3. California, 7,888; 4. Florida, 7,676; 5. New York, 6,225; 6. Virginia, 4,553; 7. New Jersey, 4,458; 8. Alabama, 3,316; 9. Utah, 3,210; 10. Pennsylvania, 3,044; 11. Georgia, 2,953; 12. Washington, 2,926; 13. Maryland, 2,866; 14. Kansas, 2,480; 15. Tennessee, 2,325.

U.S. Census Bureau, 2010

Top 15 metro areas in the number of multifamily building permits approved for 2009 (includes those units in structures with five or more units): 1. New York, 8,452; 2. Dallas/Fort Worth, 5,773; 3. Houston, 4,709; 4. Los Angeles, 3,122; 5. Tampa/St. Petersburg/Clearwater, 2,991; 6. Salt Lake City, 2,907; 7. Washington, DC, 2,851; 8. Charlotte, 2,593; 9. Virginia Beach/Norfolk/Newport News, 2,265; 10. Boston, 2,053; 11. Austin, 2,049; 12. Baltimore, 1,909; 13. Seattle, 1,829; 14. Philadelphia, 1,786; 15. Indianapolis, 1,757.

U.S. Census Bureau, 2010

The 5 largest apartment owners at the beginning of 2010, based on number of apartment units with ownership interest: 1. Boston Capital, 162,667; 2. SunAmerica Affordable Housing Partners, 147,087; 3. Equity Residential, 136,843; 4. Apartment Investment and Management Company (AIMCO), 133,200; 5. PNC Tax Credit Capital, 128,727.

National Multi Housing Council, 2010

The 6-10 largest apartment owners at the beginning of 2010, according to number of apartment units with ownership interest: 6. National Equity Fund, Inc., 101,226; 7. Enterprise Community Investment, 96,395; 8. The Richman Group Affordable Housing Corporation, 90,346; 9. Archstone, 83,085; 10. Pinnacle Family of Companies, 68,017.

National Multi Housing Council, 2010

The 10 largest apartment management companies as of January, 2010, based on number of units: 1. Pinnacle Family of Companies, 183,877; 2. Riverstone Residential Group, 178,431; 3. Greystar Real Estate Partners, 153,819; 4. Equity Residential, 136,843; 5. Lincoln Property Company, 132,881; 6. Apartment Investment and Management Co. (AIMCO), 129,715; 7. Archstone, 83,085; 8. WinnCompanies, 73,302; 9. Camden Property Trust, 63,506; 10. Bell Partners, Inc., 60,422.

National Multi Housing Council, 2010

According to a 2010 study conducted by Apartments.com and CareerRookie.com, the top 10 best cities for recent college graduates (based on number of entry-level job openings, apartment rental prices, and large numbers of young adults in the area), with the average rent for a one-bedroom apartment in parentheses: 1. Atlanta ($723); 2. Phoenix ($669); 3. Denver ($779); 4. Dallas ($740); 5. Boston ($1,275); 6. Philadelphia ($938); 7. New York ($1,366); 8. Cincinnati ($613); 9. Baltimore ($1,041) 10. Los Angeles ($1,319).

Apartments.com, 2010

Largest multi-family rental unit builders in 2008, based on number of rental starts during the year, with percentage change from 2007 in parentheses: 1. Trammel Crow Residential, 8,194 (-25%); 2. Lincoln Property Co., 4,740 (-3%); 3. Hunt Building Co., 3,476 (-63%); 4. Clark Builders Group, 3,418 (-41%); 5. Wood Partners, 3,369 (-37%); 6. A.G. Spanos Co., 3,360 (-18%); 7. Michaels Development Co., 2,961 (+74%); 8. The Dinerstein Cos., 2,884 (+22%); 9. Flournoy Construction Co., 2,853 (+48%); 10. Place Properties, 2,488 (-12%).

BuilderOnline, 2009

States with the highest percentage of apartment renters in 2008: District of Columbia, 31%; New York, 22%; California, 16%; Nevada, 14%; Hawaii, 14%; North Dakota, 13%; Texas, 12%; Maryland, 12%; Washington, 12%; New Jersey, 12%; Colorado, 11%; Massachusetts, 11%; Arizona, 10%; Florida, 10%; Georgia, 10%; Illinois, 10%; Minnesota, 10%; Oregon, 10%; Virginia, 10%.   

National Multi Housing Council, 2009

Percentage of housing units (all categories of housing) occupied by renters in the following major U.S. cities, as of mid-2008: New York City, 66%; Los Angeles, 61%; Chicago, 52%; Houston, 53%; Phoenix, 39%; Philadelphia, 44%; San Antonio, 40%; Dallas, 54%; San Diego, 50%; San Jose, 39%; Detroit, 47%; San Francisco, 61%; Jacksonville, 36%; Indianapolis, 40%; Austin, 52%; Columbus, 50%; Fort Worth, 41%; Charlotte, 41%; Memphis, 45%; Baltimore, 49%.

National Multi Housing Council, 2009

States with the greatest number of apartment units, as of 2008: California, 2,583,993; New York, 2,034,890; Texas, 1,628,882; Florida, 1,129,253; Illinois, 742,183; Ohio, 614,465; New Jersey, 550,264; Pennsylvania, 536,645; Georgia, 513,145; Michigan, 489,961; Washington, 455,622; Virginia, 441,548; North Carolina, 425,916; Massachusetts, 414,916; Maryland, 386,352.

National Multi Housing Council, 2009

Business Trends Source

According to the research firm Reis Inc., the apartment vacancy rate in the top 79 U.S. markets was 8% in 2009, the highest level since the company began monitoriing vacancy percentages in 1980. Reis also reported that apartment rents fell 3% in 2009 in the country's largest markets.

The Wall Street Journal, 2010

Based on statistics compiled by Apartments.com, the number of visits to its website increased 11% during the first quarter of 2010, when compared to the same period in 2009.

Apartments.com, 2010

The number of sales of existing condos/co-ops rose 4.8% in 2009 to approximately 590,000, up from 563,900 in 2008, but down from the 2007 total of 713,000.

National Association of Realtors, 2010

Misc Source

Forty-four percent of apartment companies required residents to have renters' insurance in 2009, up from 24% in 2008.

National Multi Housing Council, 2010

Types of structures occupied by renter households: Single-family homes, 33%; structures with 2-4 units, 19%; structures with 5 or more units, 44%; mobile homes, 4%. 

National Multi Housing Council, 2009