Researchers at Simon Fraser University have discovered a chemical combination, which can be used to lure and trap bedbugs for the killing, according to findings published in the chemistry journal, Angewandte Chemie, on Dec. 21.
A 2014 Insurance Information Institute poll conducted by ORC International found that only 37 percent of renters have renter’s insurance, up eight percent from 2011. The number has steadily grown since 2006, when about seven million policies were written. In 2011, some 10.7 million renters had coverage.
Nevada’s economy beat expectations in 2014 and appears primed for continued growth in the coming year. Improved metrics in productivity, employment and income suggest the state has moved well beyond post-recession recovery and is settling into a pattern of sustained growth. Record visitor volume in the south, the recent announcement that Tesla will build its highly anticipated giga-factory in the north and nation-leading housing price appreciation statewide provide further evidence that the economy’s growth trend should extend well into 2015.
With over 2.6 million apartment units updated each month, ALN Apartment Data is one of the most complete and accurate data provider available anywhere in the country. The Las Vegas Apartment Market Overview for November 2014 is now available to view.
National annual effective rent growth in November 2014 reached 4.7%, the strongest result of 2014 to date and the highest since August 2011 when the rate measured 5.0%.According to research from Axiometrics, the leader in apartment market research and analysis, November’s rent-growth rate was a 38-basis-point (bps) increase from the 4.3% recorded in October and the largest growth margin since the 39-bps increase from February-March 2011 (4.6% and 5.0%, respectively)
Youngsters are bucking the trend. While that’s nothing new among the 20-24-year-old age group in any generation, the current crop of young adults just entering the workforce is renting apartments at a decreasing rate. They’ve done that before, too.
While Nevada’s residents and visitors have faced rising household expenses in any number of areas, many find themselves with some positive factors impacting their financial situation. Declining fuel prices and rising wages have helped offset some of the broader increases in the cost of living. Nevada’s visitors find themselves in a better financial position as national wages are beginning to improve with the reduced slack in the labor market. Some of the slack is even beginning to pick up in Nevada, where wage growth has managed to outpace the rest of the country. Overall, consumer wallets across the state are positioned for improvement and potentially ready to boost the Nevada economy.
Rent growth for U.S. apartment dwellers will slightly cool down next year, but still run hotter than inflation, according to a forecast released Monday. Rent growth is expected to hit 3.9% in 2015, compared with 4% this year, as the “landlord’s market” lives on, the National Association of Realtors said. A consensus estimate from economists recently forecast that overall consumer inflation will run at about 1.9% next year.
Exciting Times for NVSAA!
Introducing Our New Billing Structure
This is a very exciting time for us! We are offering more opportunities for our members than ever in key areas: Education, Legislative, Networking.
We are also creating ways to do business better. This allows us to build upon our foundation, and facilitate future growth.
The Nevada State Apartment Association is pleased to announce a streamlined billing structure for our membership. We are moving to a calendar year membership cycle where all members will pay their dues in January and enjoy membership benefits through December of that year.
The goal is to shift our entire membership to this more efficient billing cycle by January 1, 2017.
As such, it’s important to begin the process now. Handling membership in this manner is in line with many other Associations across the country and is design designed to minimize confusion on expiration dates and make the budgeting process easier.
Our goal is to make the transition as easy as possible:
If your membership renewal falls due between September 1, 2015 and December 31, 2015. You will receive an invoice that includes the remaining months of 2015 and all of 2016. Conveniently, your membership will be paid through the end of 2016. The remaining association members expiring in 2016 will receive prorated invoices to finish out next year’s membership. This process puts us on track to begin annual billing for the association, as a whole, in 2017.
Thank you for your cooperation as we make these changes! YOU are what makes the NVSAA the premier multi-family housing association in the region. Let’s keep going and growing!
If you have questions, you can reach me at 702.862.0165
My best to you,
Shelly A. Cochran
Record-setting tourism and the strongest convention attendance in several years are driving employment growth and creating apartment demand Las Vegas. Job growth is well above the national average, spurring developers to complete projects that were mothballed since the recession. In addition, multifamily permitting is trending more than 60 percent higher as builders rush to keep up with demand for rental space. While more than 1,400 apartments have been completed during the past year, vacancy fell sharply and concession activity nearly halted on well-located properties near employment hubs. The leisure and hospitality sector is providing the biggest job gains in the economy, although more corporations are relocating to the metro due to its position as a travel destination and the lack of a state income tax. The new workers hired by these companies are choosing to rent in prime areas to the southwest of the city, close to shopping centers, freeways and the Strip. Single-family housing costs in these areas are above the metro average, spurring strong rental growth and pushing vacancy down. Tightening operations will lift rents up 3.4 percent this year, more than 100 basis points above inflation.
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