Rate Desk April 27, 2020
Rate Desk Notes April 27 edition Indices up Crude oil $12.59 UST yields up .65 bp 223(f) 2.64% 221(d)(4) 3.29% Fannie 3.20% Freddie 3.50% Apartment searches up 28% will use virtual tours Robust virtual...
Rate Desk April 24, 2020
Rate Desk Notes: April 24, 2020 Indices are up Crude oil back up to $17 a barrel UST closing the week .60 bp 223(f) 2.65% 221(d)(4) 3.30% Fannie 3.20% Freddie 3.50% Federal Reserve has...
Rent collections report for April, week 3
As part of its project to track rent payments being made during the corona virus shutdown, NMHC reported that an additional 5 percent of renters made at least a partial payment of their April...
Rate Desk April 23, 2020
Rate Desk notes April 23, 2020 Stocks: 2nd day gains Crude $17/barrel UST yields flat .61-.62 bp 223(f) 2.65% 221(d)(4) 3.30% Fannie 3.21% Freddie 3.50 Offshore investors buy $1.05 billion MF portfolio in West ...
Rate Desk April 22, 2020
Rate Desk Notes: April 22, 2020 Three major indices are up Crude oil rallies up to $14 a barrel UST .62 bp 223(f) 2.65% 221(d)(4) 3.30% Fannie 3.25% Freddie 3.50% Fannie/Freddie to buy qualified...
Rate Desk April 21, 2020
Rate Desk April 21 edition All three major indices down Crude oil back up to $9.69 UST .58 bp 223(f) 2.62% 221(d)(4) 3.27% Fannie 3.40% Freddie 3.50% Millennial household formation down Renting isn’t a...
Infographic: Everyone is essential
UPDATED: April 30, 2020 30+ million unemployed Breaking the previous record of 695,000 from 1982. Not counted are part-time, self—employed and gig workers who have also lost their livelihoods. 50 million deaths from Spanish Flu 1918-1919 234 thousand...
NMHC top 50 lists released
The National Multifamily Housing Council (NMHC) released its list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The results...
Rate Desk April 20, 2020
April 20 edition S&P and Dow down, Nasdaq up UPDATE! US oil futures plunged below zero UST .634 bp 223(f) 2.65% 221(d)(4) 3.30% Q4 weighted average still under 1% Extended low long-term fixed rates ...
Rate Desk April 17, 2020
Michael Thomas interviews John Hinder, senior director of the nation’s largest GSE multifamily lender, Walker & Dunlop. Hinder discusses the financing landscape for borrowers in these exceptional times.
Survey shows significant delays in apartment construction
The percent of apartment developers reporting construction delays remained essentially the same in the second iteration of the National Multifamily Housing Council’s (NMHC) Construction Survey—56 percent compared to 55 percent in the April 3...
Rate Desk April 16, 2020
April 16 edition S&P and Dow down, Nasdaq up UST .602 223(f) 2.65% 221(d)(4) 3.30% Fannie 3.17% Freddie 3.50% Municipal bonds: Permanent debt instruments Revenue bonds paid back by revenue Publicly rated by rating...
Census reports on multifamily housing construction for March 2020
The Census Bureau released its monthly new residential construction report for March 2020. It presents a mixed picture for multifamily housing construction with some softening of results but from a strong base. Permits are mixed The...
NMHC rent payment tracker – week 2
As part of its project to track rent payments being made during the corona virus shutdown, NMHC reported that an additional 15 percent of renters made at least a partial payment of their April...
Construction material prices stable in March
The Bureau of Labor Statistics (BLS) released its producer price index report for March 2020. It showed that overall prices for processed goods for intermediate demand fell by 1.1 percent, the third monthly drop...
