NMHC: apartment market conditions deteriorate in Q4
Apartment market conditions declined in the National Multifamily Housing Council’s (NMHC’s) most recent Quarterly Survey of Apartment Market Conditions. All four indices – Market Tightness (40), Sales Volume (41), Equity Financing (48) and Debt...
Fannie Mae Multifamily Closes 2024 With More than $55B in Volume
Fannie Mae (FNMA/OTCQB) announced that they provided more than $55 billion in financing to support the U.S. multifamily market in 2024. Fannie Mae provided significant liquidity across key housing segments in 2024, including more than...
Multifamily starts projected lower than in last month’s forecast
As in last month’s forecast, Fannie Mae’s January housing forecast calls for multifamily housing starts to bottom out in mid-2025 and then to steadily increase through the rest of the forecast horizon. However, their...
Multifamily CMBS special servicing rate jumps in December
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans increased again in December, jumping 135 basis points. It is now up 361 basis points since July. The overall CMBS special...
NAHB Commends President Trump’s Executive Order on Housing
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kansas, issued the following statement after President Trump issued an executive order on housing relief: “NAHB commends...
MLG Capital Announces Record-Breaking Fund Close and New Leadership Structure Including Billy Fox and...
MLG Capital, a national leader in diversified private real estate investments, announced plans for the next generation of the firm’s business and leadership. MLG has named Billy Fox as President and Principal and Dan...
Multifamily starts rebound
The Census Bureau’s new residential construction report stated that, after falling to the lowest level since April 2020 last month, multifamily starts rebounded to the highest level in a year in December. However, both...
Landmark Properties Appoints Nikko Politis as Senior Director of Multifamily Acquisitions
Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced the appointment of Nikko Politis as Senior Director of Multifamily Acquisitions. This strategic...
Construction materials prices move modestly higher
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.2 percent month-over-month in December on a seasonally adjusted basis. The index of components and...
Avison Young Bolsters U.S. Capital Markets Platform with Addition of Executive Managing Director Marion...
Avison Young, a global real estate advisory firm, has appointed Marion Jones as Principal and Executive Managing Director of U.S. Capital Markets. She will the lead the firm’s capital markets strategy, driving growth and...
TruAmerica Multifamily Doubles Down on Value-Add and Build-For-Rent, While Launching a New Affordable Housing...
TruAmerica Multifamily, one of the nation’s leading multifamily investment firms, announced an expansion of its flagship team and business lines, along with the significant launch of a new Affordable Housing vertical. “These new investment strategies...
HUD Announces $150M Investment Toward Affordable Housing in Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) announced $150 million in funding for new affordable and innovative housing in Tribal communities through the Indian Housing Block Grant (IHBG) Competitive Grant program. “Working with...
Bainbridge Welcomes Industry Leader Marcie Williams as Chief Strategy Officer
The Bainbridge Companies (Bainbridge) significantly enhanced its executive leadership team with the addition of Marcie Williams as Chief Strategy Officer. Based in Charlotte, North Carolina, Marcie Williams will oversee Bainbridge’s operations, brand, culture and growth....
Rent growth still in seasonal decline
Yardi Matrix reported that the national average asking apartment rent was down $4 in December compared to the revised level of the month before at $1,742 per month. The national average year-over-year asking apartment...
Strong employment growth seen in December
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth continued to be strong in December. In addition, the employment levels all 4 multifamily-related job categories we track showed...
