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Casino remained the operator’s strongest segment, contributing 85.5% of total revenue compared to 67.3% in Q3 2019. Finance Raketech boosted by Lead Republik and US expansion in Q3 11th November 2020 | By Richard Mulligan Raketech was boosted by income from recent acquisition Lead Republik and US growth as it posted a double-digit increase in revenue during the third quarter. In a trading update for the three months to 30 September, the Stockholm-listed online affiliate and content marketing provider said revenues were up 23.9% year-on-year to €7.4m. In terms of geographical footprint, revenue from the Nordics reduced from 90.4% to 80.4%, as Raketech welcomed greater input from other markets, including the US, where TVsportsguide went live ahead of schedule. It now has licences in seven US states, with Pennsylvania, Michigan and West Virginia added during Q3. Tags: Raketech “With this acquisition in place our global footprint is significantly widened, and the US has shifted from a strategic target to a strategic market.” “The third quarter of 2020 was yet another operationally productive and stable quarter where we managed to deliver strong results despite tough and volatile macro conditions,” said chief executive Oskar Mühlbach. Revenue share agreements made up 42.5% of income, which was down on 56.4% in Q3 2019. Upfront payment grew to 39.7% while flat fee increased to 17.8%. EBITDA grew by 8.3% to €2.9m, although margin was down from 45.5% to 39.8%, which was primarily due to Lead Republik being a lower margin product offering. Other major outgoings included product development costs and an increase in employee benefit expenses due to the onboarding of senior management and a slight increase in headcount. The impact of Lead Republik – the Canada and Germany-facing performance marketing company which was acquired in March 2020 – on the results was highlighted by Raketech’s sizeable leap in overall revenue compared to organic growth of just 3.2%. Direct expenses increased to €1.9m in the main because of an uptick in paid media through the new product offering following the acquisition of Lead Republik. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The operator posted an overall operating profit of €1.5m, which was down 2% on 2019. “As previously announced our M&A efforts have during the quarter been intensive and I am happy to be able to conclude that we, only a few days prior to this report, managed to close the acquisition of AmericanGambler.com, which is a sports asset targeting the US. Topics: Finance Q3 results 2020 Raketech said that while sport has not yet returned to pre-Covid 19 levels, there was a significant upswing towards the end of the reporting period, most notably in relation to flagship assets TVsportsguide and Denmark’s BetXpert. Sport contributed 11.1% of revenues, compared to 27.5% in Q3 2019. New depositing customers almost doubled from 26,782 in Q3 2019 compared to 52,344 this year, in part due to turbulence in the Swedish market in the early part of the reporting period. “We also delivered on strategically important milestones such as a footprint in the US. The operator said the rest of the world is expected to contribute as much as 25% of revenue by the end of this year following the €5m acquisition of AmericanGambler earlier this month. Regions: Nordics Subscribe to the iGaming newsletter Email Address
Wales v South AfricaOur prediction: You want to say Wales will dazzle with their backs and match Bok firepower up front, but it is hard to image the raw physicality of South Africa not hurting Wales. It should be close, but South Africa are used to sustained brutality. South Africa by 8Ireland v SamoaOur prediction: Samoa could climb to the dizzying height of fifth in the IRB world rankings should they triumph in this Test, but Ireland have a new age coming – even if there is a well-worn centre pairing of D’Arcy and O’Driscoll still there – and they have some young men with careers to forge coming in. And let’s not forget about Joe Schmidt’s ability to script breathtaking attacking plays. Ireland by 12 Will Australia hurt again?: Adam Ashley-Cooper suffers against England. The Wallabies could be stung by ItalyWITH RUGBY kicking into a different gear this weekend, with the first proper, extensive round of international action kicking off, there are several Tests worth getting excited about.How will they pan out, though? We offer up our predictions below, but if you see yourself as a bit of a guru when it comes to guessing win margins then enter our exclusive November Tests SuperBru pool and have a bash. You could win a year’s subscription to the magazine…Italy v AustraliaOur prediction: We’ve gone for it straight from the off. Australia looked deserted of attacking ideas against England and only profited from lax tackling to score. Italy are due another big scalp and they are at home. Italy by 2England v ArgentinaOur prediction: The Pumas have a lot of injuries and absentees, they have a new head coach and England have that winning feeling, despite never truly impressing against the Wallabies. They could fall into more of a rhythm at Twickenham this weekend, even if they face up a Puma scrum with an entirely new front-row. England by 16Scotland v JapanOur prediction: Japan gave a good account of themselves against the All Blacks without ever really getting too close. However, a trip to Europe is a different prospect and some in Scotland expect this side to build real momentum. And with rumours that soon-to-be head coach Vern Cotter has been making his presence felt at Murrayfield, the players may have a point to prove. Scotland by 16 LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS France v New ZealandOur prediction: New Zealand are the best team on the planet. The French have spooked them in the past, but they have become somewhat of a conservative husk of the old France over the last year or so. The All Blacks spanked them during a French tour of the island in the summer. New Zealand by 15
Poland Single Family House / Wizja ArchitectsSave this projectSaveSingle Family House / Wizja Architects Houses “COPY” CopyHouses•Zabierzów, Poland Year: Photographs: Wojciech Kryński Text description provided by the architects. The house is situated in Burow, a village that lies in vicinity of Krakow, Poland. The site is placed on a south slope that is gently descending towards a valley, one of the characteristic features of the regional landscape. Save this picture!© Wojciech KryńskiRecommended ProductsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornWoodGustafsWood Veneered Wall & Ceiling PanelsWoodBruagBalcony BalustradesWoodStructureCraftEngineering – Architectural & FreeformThe main idea behind the project, was to create a contemporary interpretation of a traditional single family house of the Małopolska region. In an attempt to achieve this, we have simplified the local building form, through a search for clear building edges. The façade materials were restricted to Siberian larch accompanied by glass. The retaining wall in the southern part of the site, was made from raw reinforced concrete. Save this picture!© Wojciech KryńskiOne of the most noticeable building’s features is a 3,2 x 4,5 m window, that came from a clients desire to have a panoramic view from the living room on a distant airport, which enables watching airplanes start or land.Save this picture!© Wojciech KryńskiProject gallerySee allShow lessWestern Red Cedar Architectural Design Awards WinnersArticlesThe Atmosphere of Paris Cafes / Nicolas Dorval-Bory + Raphaël BétillonArticles Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/90483/single-family-house-wizja-architects Clipboard Photographs Architects: Wizja Architects Area Area of this architecture project Save this picture!© Wojciech Kryński+ 22 Share Single Family House / Wizja Architects CopyAbout this officeWizja ArchitectsOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesZabierzówHousesPolandPublished on November 24, 2010Cite: “Single Family House / Wizja Architects” 24 Nov 2010. ArchDaily. Accessed 12 Jun 2021.
photographs: Jesús GranadaPhotographs: Jesús GranadaStructures:ATECO S.LConstructor:Urbanización Moravella S.L (RM Construcción)Architect In Charge:Cristina Argos Moras, María Loriente LópezTechnical Architects:Miguel Herranz, Paul CornuCity:ManzaneraCountry:SpainMore SpecsLess SpecsSave this picture!Site PlanRecommended ProductsPorcelain StonewareGrespaniaPorcelain Tiles – 20MMWoodAccoyaAccoya® CanalsWindowsJansenWindows – Janisol Arte 66 The building is located into a new urban fabric of the city of Teruel and houses the construction of 44 Social Housing, 44 store rooms, 65 parking spaces andcommercial premises. The internal organization of the different spaces responds to the relationship of the building with the environment in different orientations, closing north and openingto the environment insouthorientations. Save this picture!© Jesús Granada Three dwelling typologies are developed fulfilling the same program, composed of living-dining room, kitchen, 3 bedrooms and two bathrooms grouped, allowinggreater flexibility indistribution. All units have a private space of terrace in south orientations linked tothe stay area, constituting the interrelation of indoor-outdoor housing with public space. Save this picture!© Jesús Granada Access to the hallways is through the public porchwhich is constitutes one of the fronts of the square, and is supporting the private terraces of the first floor housing. Onground floorcommercial premises it gives the building a tiered private space on two levels, one for private usetothefirst floorhousing and another higherfor community use, that promotes the relationship of the building with the urban environment and landscape. Save this picture!© Jesús Granada BIOCLIMATICDESIGN|ENERGYCERTIFICATION A The constructive design focuses on the use of passive systems to improve thermal and acoustic comfort of the building. Thus, an outer enclosure ceramic ventilated facade is defined composed of extruded plate ceramic paste model “Bersal 250” of16mm thickofFAVETON brand, sheet of perforated concrete brick with exterior insulation of mineral wool and inside cladding self-supporting partitions with continuous mineral wool insulation and plasterboard inside, avoiding any thermal bridge in the enclosure. Save this picture!© Jesús Granada The flights of terraces south orientations designed act as passive protection against excessive sunlight in summer.The dual orientation of dwellings allows cross ventilation optimizing ventilation and natural lighting. The homes have aluminum carpentries with thermal bridge breakage and low emissivity glass in north orientations,with “microventilation” aerator system. Centralized biomass DHW system and heating, using are renewable fuel and neutral in CO2emissions, contributing to sustainable economic activity, the use of agricultural and forestry residues, fire prevention and rural development, as well as reducing the annual cost in relation to conventional sources of energy. Save this picture!© Jesús GranadaUnderfloor heating improves the thermal comfort and contributes to energy savings, with 3cm continuous layer of insulating material, that drastically reduce the transmission of impact noise, helping to improve the acoustic quality of the building. The reduction in demand for air conditioning through the use of bioclimatic design and passive systems, linked to improvements in generation systems involving significant reductions in CO2 emissions, make the building gets “A” ENERGY RATING.Save this picture!Diagram 2Project gallerySee allShow lessThe Architecture of Alfred HitchcockArticlesBuenos Aires Contemporary Art Museum / MonoblockSelected ProjectsProject locationAddress:Plaza de la Cultura, Teruel, SpainLocation to be used only as a reference. It could indicate city/country but not exact address. Share ArchDaily “COPY” Spain Area: 8780 m² Area: 8780 m² Year Completion year of this architecture project Projects 44 Social Housing Units / Cristina Argos Moras, María Loriente López Architects: Cristina Argos Moras, María Loriente López Area Area of this architecture project Photographs 2012 CopyHousing, Social Housing•Manzanera, Spain ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/469226/44-social-housing-units-cristina-argos-moras-maria-loriente-lopez Clipboard Save this picture!© Jesús Granada+ 19 Share Year: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/469226/44-social-housing-units-cristina-argos-moras-maria-loriente-lopez Clipboard Year: 2012 Housing CopyAbout this officeCristina Argos Moras OfficeFollowMaría Loriente LópezOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingSocial HousingManzaneraHousingResidentialSpainPublished on January 23, 2014Cite: “44 Social Housing Units / Cristina Argos Moras, María Loriente López” 23 Jan 2014. ArchDaily. Accessed 11 Jun 2021.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 42 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Promotional video launched in October 2009 by fundraising consultancy THINK. THINK Consulting: where are you going? About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. 41 total views, 1 views today Advertisement Tagged with: Consulting & Agencies Howard Lake | 29 October 2009 | News
ReddIt ReddIt printTCU police are investigating a suspected case of harassment after a student, who is Jewish, found several felt yellow Stars of David lining the walls leading to his room in Moncrief Hall.Dalton Barlow, a theatre major, said he was returning to his room Tuesday night after doing laundry.“I’m walking up the stairs and at the first turn, I see a yellow felt Star of David,” Barlow said. “As I’m going up, I noticed another and another all the way up to third floor.”Barlow said five stars, which led to his room, appeared to have been put up with a hot glue gun. He said the stars might have been posted in response to the Hanukkah decorations on his door.At various times in history, Jewish people have been forced to wear the symbol, most recently in Nazi Germany.Barlow said the symbols “frightened” him and he “got the heck out of there.”These felt stars were found glued to the wall leading to Barlow’s dorm room.“I definitely felt unsafe. What scared me the most was how specific it was and the effort that one would have to go through to do something like that,” Barlow said.Barlow left Moncrief to sleep at a friend’s room in another building. There, he sent out emails to Campus Life, the Jewish student community Hillel, his hall director and his resident assistant.Barlow said he received a phone call from Chancellor Victor Boschini an hour after sending out his emails.“He addressed me personally and gave me his number,” Barlow said. “He said to call him if he needed anything. Chancellor Boschini was so accommodating and personally made sure that I was taken care of, which I really appreciated.”Moncrief Hall Director Imani Wimberly said he is working with Barlow to create a program or newsletter. Wimberly said he has already sent a building-wide email to begin a conversation about faith and acceptance.“I’m committed to a sense of community,” Wimberly said. “We all have differences and we should never put people down because of them.”Rachel Rudberg, president of Hillel, has also been working with Barlow. She said the group is planning an event after winter break to help raise awareness of the situation.Barlow said when he was in high school, his car was vandalized and swastikas were spray-painted on it.He added that he was even denied service at a McDonald’s when he was eight years old because he is Jewish.“That wasn’t the first time I experienced discrimination,” Barlow said. “I hate to say this, because it shouldn’t be this way, but it’s something you learn to cope with.”He said he is moving to another dorm, but added “silence is not the right answer.”“I hope it wasn’t done out of intent to hurt me or anyone else,” Barlow said. “I hope they just made a mistake. It wasn’t funny and it won’t be tolerated. I would love for everyone to know it is important to be accepting because intolerance hurts.”Students have shown support for Barlow.“It hurts my heart that someone would do something like this. It is difficult being a part of a small minority on a Christian campus,” said Mara Frumkin, a senior theatre studies major who is also Jewish. “Every TCU student should feel comfortable being who they are without fear of what others might do.”Even with what happened, Barlow said TCU is “the right place.”“My grandmother asked me if I should change universities, and when I got that phone call from Boschini, I knew TCU was the right place,” Barlow said. “I believe this was handled appropriately. The majority of the TCU body is not okay with that sort of behavior and we won’t stand for it.” The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years Facebook Twitter Linkedin TCU VGP (Ep. 18 – The Cost of Gaming, State of DLC and more) TCU Sizzle Reel (Ep. 16 – Legion, Stranger Things 2 and more) Hank Kilgorehttps://www.tcu360.com/author/hank-kilgore/ Previous articleTCU’s home field advantage: One of the best in the Big 12Next articleRodeo Purple ticket package sold out Hank Kilgore RELATED ARTICLESMORE FROM AUTHOR TCU VGP (Ep. 19 – Xbox Game Pass, Horizon Impressions and more) Hank Kilgore Linkedin TCU places second in the National Student Advertising Competition, the highest in school history TCU VGP (Ep. 17 – Valentine’s Updates, Overwatch and more) Twitter Hank Kilgore is a senior Journalism major and FTDM minor from Lafayette, Louisiana. He is currently Editor of The Skiff and the Student Life and Entertainment Managing Editor for TCU 360. You can often find him anywhere a superhero movie is being played. Website| + posts Hank Kilgorehttps://www.tcu360.com/author/hank-kilgore/ [View the story “TCU police investigating report of religious harassment” on Storify] Dalton Barlow said, “Silence will not fix this problem. Hank Kilgorehttps://www.tcu360.com/author/hank-kilgore/ Facebook Hank Kilgorehttps://www.tcu360.com/author/hank-kilgore/ TCU Frog Camps returning to more traditional look this summer
May 5, 2021 Find out more 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies MexicoAmericas Condemning abusesProtecting journalists Organized crimeCorruptionImpunityViolence RSF_en News MexicoAmericas Condemning abusesProtecting journalists Organized crimeCorruptionImpunityViolence April 28, 2021 Find out more Organisation After yesterday’s murder of a journalist in Sinaloa state and an armed attack on a group of seven reporters three days ago in Guerrero state, Reporters Without Borders (RSF) sounds the alarm yet again and urges the Mexican authorities to reinforce protection for journalists and end impunity for crimes of violence against the media. Follow the news on Mexico News May 13, 2021 Find out more News Receive email alerts May 16, 2017 Sixth journalist murdered this year: why doesn’t Mexico protect its media? NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say Help by sharing this information to go further Reports Reporter murdered in northwestern Mexico’s Sonora state Javier Valdez Cárdenas, 50, a well-known veteran journalist who specialized in covering drug trafficking, was gunned down in broad daylight yesterday in Culiacán, the capital of the northwestern state of Sinaloa. He was the sixth journalist to be killed in Mexico this year (four of them in direct connection with their work). This makes Mexico the world’s deadliest country for the media.Valdez reported for the national daily La Jornada and the local weekly Río Doce and had worked with Agence France-Presse for more than 10 years. He had also written several books, the latest of which, published last year, was entitled “Narcoperiodismo” (Narco-Journalism). “We are appalled by this shocking murder and we urge the local and national authorities to identify and arrest those responsible without delay,” said Emmanuel Colombié, the head of RSF’s Latin America desk.“This spate of violent attacks has yet again highlighted the urgency of the plight of Mexico’s journalists, especially those covering stories linked to drug trafficking and organized crime, who are systematically targeted. The Mexican government needs to realize the gravity of the situation and react appropriately by quickly reinforcing protection for journalists.”Seven reporters who were travelling together in two vehicles were attacked by around 100 masked gunmen near Acapetlahuaya, a small town in the southwestern state of Guerrero on 13 May.The reporters, who work for La Jornada, Vice News, Hispano Post, Quadratin, Imagen TV and Bajo Palabra, were on their way back from covering a local police operation in San Miguel Totolapán against a criminal gang active in the area.After forcing their vehicles to stop, the gunmen threatened to kill the reporters and then took all of their equipment before letting them continue on their way a few minutes later.Mexico is ranked 147th out of 180 countries in RSF’s 2017 World Press Freedom Index. In a report published in February, entitled “Veracruz: journalists and the state of fear,” RSF proposed a series of recommendations to the federal and local authorities for ending the spiral of violence.
Local NewsBusiness WhatsApp Facebook Facebook WATERLOO, Ontario & HERNDON, Va.–(BUSINESS WIRE)–Feb 24, 2021– The Auxtera Project, a charitable initiative seeking to make justice more accessible by donating digital investigation software and the voluntary services of digital forensic examiners to organizations supporting vulnerable populations , has officially launched. The initiative is now accepting applications from potential beneficiaries such as non-profit, charitable and public sector organizations , with demonstrable financial need, that work with children, racial and ethnic minorities and those who are financially disadvantaged. Founded by employees of Magnet Forensics, a developer of digital investigation software, The Auxtera Project was created with the aim of bringing together the digital forensics community to help ensure that a lack of digital forensic technology and trained personnel would not stand in the way of justice, the safety of children, or the protection of other vulnerable populations. “We believe that everyone, regardless of age, gender, race or financial well-being, should have equal access to justice,” said Magnet Forensics founder and chief technology officer, Jad Saliba. “Digital investigations haven’t just played a crucial role in putting our worst criminals behind bars. They’ve helped rescue victims and exonerate innocent people of crimes they didn’t commit. Without access to it, children, racial and ethnic minorities and the financially disadvantaged only become more vulnerable.” Digital evidence has become an important element of the justice system as many investigations now include a digital element. Successful prosecutions and defenses often hinge on critical digital evidence such as images, emails and location data. But the tools used to handle this data and the technical personnel that operate them can be cost prohibitive for vulnerable populations, leaving them at a stark disadvantage. All beneficiaries of The Auxtera Project will receive Magnet Forensics’ digital investigation platform, Magnet AXIOM. In addition to the software, beneficiaries in North America will be eligible to be matched with a volunteer from a roster of highly accomplished digital forensic examiners to help guide their investigations. These volunteers have decades of combined experience in performing digital forensic investigations at leading public and private sector organizations. “I’m volunteering for The Auxtera Project because I know that digital forensics examiners can make an incredible difference for at-risk groups that don’t normally have access to them,” said Lodrina Cherne, the principal security advocate at Cybereason. “Magnet Forensics is bringing the digital forensics community together for an important cause: to improve access to justice for all.” Applicants looking for more information about The Auxtera Project can attend two video information sessions hosted by Magnet Forensics on March 3 at 10 a.m. to 11 a.m. EST and March 24 at 2 p.m. to 3 p.m. EST. ABOUT MAGNET FORENSICS Magnet Forensics is a developer of digital investigation software that acquires, analyzes, reports on, and manages evidence from computers, mobile devices, IoT devices and the cloud. The company’s software is used by more than 4,000 public and private sector organizations in over 90 countries and has been helping investigators fight crime, protect assets and guard national security since 2011. View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005223/en/ CONTACT: Victor Ferreira Corporate Affairs Manager 647-619-2195 [email protected] KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: SECURITY HOMELAND SECURITY TECHNOLOGY PUBLIC POLICY/GOVERNMENT SOFTWARE SOURCE: Magnet Forensics Copyright Business Wire 2021. PUB: 02/24/2021 09:15 AM/DISC: 02/24/2021 09:15 AM http://www.businesswire.com/news/home/20210224005223/en Pinterest Twitter Previous articleToronto takes on Philadelphia, looks for 5th straight victoryNext articleAxway Software – 2020 Full-Year Results: Success of the Transformation Plan, Resilience of the New Business Model Digital AIM Web Support Twitter WhatsApp The Auxtera Project Launches to Make Justice More Accessible to Vulnerable Populations Pinterest TAGS By Digital AIM Web Support – April 6, 2021
Demand Propels Home Prices Upward 2 days ago Print This Post Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 18, 2020 751 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago rent burden renter 2020-03-18 Mike Albanese Tagged with: rent burden renter Share Save About Author: Krista F. Brock The Week Ahead: Nearing the Forbearance Exit 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. The share of rent-burdened households in the United States has declined over the past decade, albeit modestly. However, it sits just below 50% after the decline. A closer look at the data may reveal a more complex narrative than one might think at first glance. Between 2000 and 2010, the share of rent-burdened households in the United States grew to more than half, according to Odeta Kushi, Deputy Chief Economist at First American, in a blog post. A household is considered rent-burdened if more than 30% of the household’s income goes to monthly rent, a limit set by the Department of Housing and Urban Development. Having peaked at 53% in 2011, the share of rent-burdened households is down to 49% as of 2018, which is the latest year measured, according to Kushi.“While an improvement, it’s important to note that the share of rent-burdened households remains high at 49%, representing nearly 20 million households,” Kushi stated. Kushi points out that incomes are part of the reason for the decline in the share of rent-burdened households. Incomes for renter households have risen over the last decade by nearly 14%. From 2010 to 2018, renter incomes grew from a median of $35,000 to $40,000. This is a stark contrast to the previous decade, during which renter income dropped 16%. However, this assessment may make things appear a little rosier than they actually are. It would be nice to think that struggling renters received raises and are no longer struggling to pay their rent. However, what we may be seeing instead is evidence of the shifting profile of renters in the United States. The share of higher-income renters is on the rise, according to a recent report from Harvard University’s Joint Center for Housing Studies (JCHS). More than three-quarters of the growth in renter households between 2010 and 2018 was among households earning at least $75,000. In contrast, between 2000 and 2010, 93% of growth was among low-income households. Aside from incomes, Kushi points to a growing supply of rental units as partly to account for the decline in the share of rent-burdened households. Again, at first glance, this sounds like good news. However, a closer look at the data reveals a more complex narrative. The pace of multi-family housing starts has indeed grown in recent years. Between 1995 and 2007, there were about 294,000 multi-family housing starts per month, according to Kushi’s data. Since 2015, the pace has jumped to 370,000. In total, there have been 36 million multi-family housing starts from 2010 to 2018, Kushi pointed out. However, this growth in multi-family housing construction is concentrated at the high end of the market, according to JCHS. Kushi says the growth in housing starts has helped keep rents from outpacing income growth. From 2010 to 2018, rents increased by an average of 7%, rising from an inflation-adjusted $960 to $1,024 per month. This rate is about half the rate of renter household income growth, Kushi pointed out in her blog post. Meanwhile, JCHS stated in its report, “rents have been on a remarkable uptrend.” As evidence that new rental units are concentrated at the high end of the market, JCHS pointed out that the median asking monthly rent for an unfurnished unit constructed between July 2018 and June 2019 was $1,620. This is a 37% rise from 2000. The number of rental units going for under $600 per month fell by 3.1 million between 2012 and 2017, according to JCHS. Despite the fact that the share of rent-burdened households has declined over the past decade, there are millions of more rent-burdened households than there were in 2001, and about 25% of today’s renters spend more than half of their incomes on housing, according to JCHS. Demand Propels Home Prices Upward 2 days ago What is Causing the Drop of Rent-Burdened Households Home / Daily Dose / What is Causing the Drop of Rent-Burdened Households The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Previous: Biden Continues Presidential Primary Lead Next: The Industry Pulse: Mr. Cooper Reports Strong Q4 Numbers Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Subscribe