Increasing rental housing operating costs have further exacerbated an already serious affordability housing crisis in the U.S. In recent years, insurance costs have ballooned, putting added financial pressure on housing providers and renters alike. NMHC’s 2024 State of Multifamily Risk Report provides analysis and discussion that combines quantitative results from a NMHC membership survey with insurance industry expertise, providing readers with a clear understanding of insurance market challenges and their impact on housing affordability.