SOURCE: National Apartment Association Education Institute

Apartment Careers HQ

January 25, 2011 12:33 ET

National Apartment Association Education Institute Announces National Apartment Careers Month

Apartment Industry Significant Driver of Job Creation; Contributes $155 Billion Annual to the U.S. Economy; More Than 1.1 Million People Directly Employed

WASHINGTON, DC--(Marketwire - January 25, 2011) - The National Apartment Association Education Institute (NAAEI) today announced that February 2011 is National Apartment Careers Month.

The 2011 National Apartment Careers Month highlights the significant economic and job growth impact the industry has on the overall United States economy, directly employing more than 1.1 million people and contributing approximately $155 billion to the economy.

"During the recession, employment within the apartment industry remained one of the bright spots of the U.S. economy," said Jeff Lowry, CAPS, President of the NAAEI and Senior Vice President, Multifamily Housing, The McDougal Companies. "With 33 percent of U.S. Households being rental households and a projected increase to 37 to 38 percent by the end of the decade, demand for apartment managers, leasing consultants, and maintenance technicians will continue to increase."

Careers in apartment management offer great earning potential. A recent employment study conducted by Rosemary Goss, Ph.D. of Virginia Tech, found that Virginia Tech students who graduated with a degree in Residential Property Management, with 10 to 15 years of experience in apartment management typically earn $80,000 to $125,000 annually, with 40 percent of those with more than 15 years of experience earning more than $125,000. 

Apartment Industry Fast Facts:

  • Contributes $155 billion a year to the U.S. economy
  • 33 percent of the U.S. households live in rental housing, growing to 37 to 38 percent by the end of this decade
  • More than 1.1 million people are directly employed by the apartment industry
  • High degree of career portability
  • Careers in apartment management, leasing and maintenance offer competitive pay and benefits plus an endless opportunity to grow in a career.

Industry leaders across the country are available to discuss the impact of the apartment industry, highlighting local and regional strengths of the market.

About the National Apartment Association Education Institute (NAAEI)
The National Apartment Association Education Institute (NAAEI) is the education arm of the National Apartment Association. The mission of the NAAEI is to provide broad-based education, training and recruitment programs that attract, nurture and retain high-quality professionals and develop tomorrow's apartment industry leaders. For more information, please visit www.naahq.org/education or www.apartmentcareerhq.org.

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