NAA Five, for the Week Ending May 2nd, 2025

Date postedMay 2, 2025
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NAAHQ // May 2, 2025
NAA
 
NAA FIVE
A weekly digest of key rental housing news and takeaways
prepared exclusively for NAA’s leadership
 
The Big Picture: Housing affordability challenges continue - and states and localities are launching innovative solutions, like a new lottery system in New York to obtain a more affordable apartment home. Nationally, conversations focus on efforts to add more housing options to federal lands. As President Trump completed his first 100 days in office, stories covered the ongoing impact of federal tariff policy and its impact on economic uncertainty. 
 
THIS WEEK'S TOP STORIES
What We're Advocating

The First 100 Days: One hundred days into a new presidential administration and a new Congress in Washington, NAA’s advocacy – bolstered by the support and engagement of members nationwide – is delivering results and standing strong for the rental housing industry. Read more. 

Key accomplishments include: 

  • More than 11 regulatory victories 
  • Two important housing bills reintroduced in Congress 
  • Framework for industry tax priorities established during NAA's advocacy conference, featuring 270+ meetings on Capitol Hill 
What We're Saying

Amenity Spaces: As resident demand for amenity spaces continues to evolve, listen to hear the latest research insights on the NAA Apartmentcast here. 

Tax – Carried Interest: With the carried interest provision at stake, NAA’s Greg Brown told Bloomberg that “when you have a development that a member of Congress can see or can imagine in their district, that resonates.” The provision was a focus of this year’s Advocate conference. Read more in Bloomberg. 
What We're Doing

NAA Year in Review: Thanks to the diligent efforts of our members and affiliate partners, the past year was another record one for the National Apartment Association. From tangible advocacy wins – including stopping federal rent control – to expanded professional programming and much more, your NAA membership investment is returning a stronger, more resilient rental housing industry. Read NAA's Year in Review Report. 
What We're Hearing

For-Sale Market Impact: “Mortgage rates didn’t move much last week, but homebuyers continued to pull back amid concerns over the broader economy. Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was just 3% higher than the same week one year ago, even though interest rates last year were considerably higher.” (CNBC) 

Anticompetitive Regulations: On March 27, the United States Department of Justice (DOJ) announced the launch of its Anticompetitive Regulations Task Force to advocate for the elimination of state and federal laws and regulations that undermine free market competition. Read NAA’s digest. 

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