NAA Five, for the Week Ending March 17th, 2023

GIAA Resources, News,
The Big Picture: This week, the media largely focused on inflation - and rent's impact on inflation - in addition to the latest in housing policy, including last week's junk fees announcement from HUD as well as rent control
What We're Advocating

Rent Control: NAA is tracking more than 60 rent control-related bills in state legislatures across the country. Alongside our affiliate partners, NAA continues to advocate against these policies and instead for sustainable alternatives. Read the latest

Advocate: In less than two weeks, the rental housing industry convenes in Washington, D.C. to promote responsible housing policies. See the latest on Advocate

What We're Saying

Application Fees: NAA’s Nicole Upano told MarketWatch that “rental application fees are a necessary part of doing business, helping cover the costs associated with responsible screening. It is paramount that housing providers retain the ability to screen prospective residents and ensure the long-term viability of rental communities.” Read more.

◾ ICYMI: Read NAA’s digest of HUD’s release of best practices related to application fees and leasing costs.
What We're Doing

Inflation Tracker: The latest installment of NAA’s Inflation Tracker reveals the lowest headline rate of inflation since September 2021. Read more

What We're Hearing

Rent: “Independent measures, however, suggest rental inflation is cooling, leading many economists to believe that price pressures could decelerate considerably in the second half of the year. The rent measures in the CPI tend to lag the independent gauges” (Reuters via MSN).