Tuesday, December 24, 2024

National

Articles with a National focus

Job openigs

Job openings higher in October

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in October was 7.74 million. This was reported to be up 372,000...
apartment construction spending

Multifamily construction spending slide continues

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in October was up 0.16 percent from the revised level of the month before. Spending on...
multifamily property price growth

CoStar: multifamily property prices higher in October

CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in October. This index was down 7.1 percent year-over-year. Note that the month-over-month price movement reported by CoStar varies significantly from...

Yardi Matrix looks at student housing trends for Fall 2024

According to the Yardi Matrix Fall 2024 student housing report and webinar, the strong getting stronger is an emerging theme among the Yardi 200. Yardi tracks the performance of 1.15 million student...

Size and location are factors in student housing performance

Size and location are factors when it comes to student housing property performance, according to the 2024 Fall report and podcast by Yardi Matrix on November 21. Yardi Matrix expects another great...
falling SFR rent growth rate

SFR rents rise, but more slowly

CoreLogic reported that their single-family rent index (SFRI) for September rose 2.0 percent from its year-earlier level. This is down 0.4 percentage points from last month’s reported year-over-year rent growth rate and is down...
Matthew Gorman

Indianapolis-based Real Estate Firm Avenue Appoints Hometown Native Matthew Gorman as New Chief Investment...

Avenue, a full-service real estate development, construction and investment group focused on innovative wellness-centered properties in healthcare, senior living and active adult, announced the appointment of Matthew Gorman as its new Chief Investment Officer...
multifamily housing starts

Multifamily starts forecast to rise throughout 2025 and 2026

Fannie Mae’s November housing forecast calls for multifamily housing starts to bottom out at the end of 2024 and then to steadily increase through the rest of the forecast horizon. Despite the growth, the...
Belveron Partners

Belveron Partners Closes Seventh Real Estate Fund with $354M in Capital Commitments

Belveron Partners (“Belveron”), a privately held real estate investment management firm focused on the preservation and creation of affordable housing assets, has announced the final close of its seventh fund, Flagship Fund VII (“Fund...
multifamily property prices commercial property prices

MSCI: Multifamily property prices lead decline in October

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.3 percent in October from their level of the month before. Prices were down 6.1 percent from...
Q-Deal

Dwight Mortgage Trust Closes $384M Securitization via Freddie Mac’s Q-Deal Program

Dwight Mortgage Trust (DMT) completed what is reportedly the largest multifamily mortgage loan securitization through Freddie Mac’s Q-Series program in the past two years. The $383.5-million floating-rate Q-Deal, Q029, comprises nine loans secured by...

Multifamily starts higher despite fall in permits

The Census Bureau’s new residential construction report stated that multifamily starts moved higher after last month's fall. However, both multifamily permits and completions were lower for the month. The number of permits issued for buildings...
FHFA announces loan purchase caps

2025 GSE multifamily loan caps set

The Federal Housing Finance Agency (FHFA) announced that the 2025 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $73 billion for each Enterprise, for a combined total of...
home builder confidence

Builder sentiment improves after election

Builder sentiment improved for the third straight month and builders expect market conditions will continue to improve with Republicans winning control of the White House and Congress. Builder confidence in the market for newly built...
CBMS loan analysis

Multifamily CMBS special servicing rate higher in October

Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher for the third month in a row in October, rising another 14 basis points. The overall CMBS special servicing...
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