MSCI: Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.0 percent from their level of the month before in February. This is much faster than last...
New Section 8 income rule would cap rent growth for LIHTC properties
On January 9, HUD proposed changes to how they calculate Section 8 income limits. The summary of the change as posted on the Regulations.gov website read in part: “The United States Housing Act of...
Multifamily CMBS delinquency rate slightly higher in March
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose slightly in March, increasing 3 basis points.
Overall CBMS delinquency rate declines
For delinquencies, Trepp focuses on loans that are 30 or more...
Fed raises rate forecast for 2025
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics projected that interest rates after 2024 will...
Fannie Mae lowers housing starts forecasts on higher interest rates
Fannie Mae’s March economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to rise but at a lower rate than predicted last month.
Fannie...
What will whole building data reveal?
“Don’t be upset by the results you didn’t get for the work you didn’t do.” --Unknown
On January 25, 2024, HUD, the DOE and EPA joined forces in a superhero mashup to sign a joint...
Builder sentiment unchanged in April
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.
Builder confidence in...
The tech it is a changin
I do not particularly care for the movie “Pretty Woman”, but I do think it provides an important frame of reference. Specifically, there is a scene in which one rich character uses a cell...
YieldPro interviews Trepp Research Director Stephen Buschbom
On April 4, YieldPro editors asked Trepp, Inc. Research Director Stephen Buschbom to share his company's latest analysis of the multifamily sector. Trepp is a data and analytics provider for structured finance,...
Senior housing occupancy recovery continues in Q1
An NIC MAP Vision summary report shows that senior housing occupancy rose in Q1 while its year-over-year rent growth rate fell.
Segmenting the market
The senior housing market is divided into several sub-markets. NIC MAP Vision...
Renting cheaper in majority of largest U.S. cities
The average monthly mortgage costs 25 percent more on average than renting across the nation’s 50 most populous cities with just four exceptions: Detroit, Philadelphia, Cleveland and Houston. Of these cities, in Detroit it...
Multifamily property price slide continues
CoStar reported that its value-weighted index of multifamily property prices fell 1.4 percent month-over-month in February 2024, the sixth decline in a row and the 17th decline in the last 19 months. This index...
New study from RealPage reveals portfolio-wide gap in leasing fraud protections
RealPage released its 2024 National Multifamily Fraud Research Study: Uncovering the Impact of Rental Application Fraud in Multifamily this month. The study reveals portfolio-wide gaps in leasing fraud protection, with 75 percent...
Strong rise in employment in March
The Employment Situation Report from the Bureau of Labor Statistics stated that March employment levels all 4 of the multifamily-related job categories we track rose from the preliminary levels reported last month.
Blowout month for...
Rent growth inches higher in February
Yardi Matrix reported that national average apartment rent was up $1 in February compared to the revised level of the month before at $1,713 per month. The national average year-over-year apartment asking rent growth was...
