Repurposing hotels helps with housing shortage
The pandemic in 2020 slowed tourism throughout the nation, leaving the hospitality industry economically devastated, with hotels and lodging among the hardest hit. After a year of record-breaking occupancy for hotels, many were forced...
Small business owners battle inflation
The majority of the nation’s landlords are individual investors. They own about 23 million units spanning 17 million properties, according to the U.S. Census.
Forty-two percent of small business owners say the ongoing pandemic is...
Death and taxes
If you're planning on dying soon, you might want to hurry up. It's that other certainty of life you'll want to watch out for. The estate tax, which taxes the inheritance you pass on...
Rate Desk May 1, 2020
May 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Historic loans, America re-opening and Opportunity Zones picking up.
Rate Desk May 1, 2020 notes:
Indices are down
Crude oil $19.18
UST...
Rate Desk Wednesday, September 23, 2020
September 23, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. With capital sources slowing down on lending, HUD FHA construction financing remains available to keep your construction projects going.
Rate Desk notes...
Can supply chain disruptions get any worse? Buckle in.
In my recent article on the Biden administration’s many-pronged assault on economic freedom, I pointed out that comparisons of President Biden with former president Jimmy Carter are inaccurate and unfair to Carter. In 1980,...
Multifamily faces a packed development pipeline
Apartment developers have not been shy about bringing new product to market in recent years. And early indications are that 2020 will be another boffo year. The question is after several big years of...
Industry responds to the Suspension of COVID relief negotiations
Multifamily industry associations issued the following statements after President Trump announced that coronavirus stimulus talks would be put off until after the November election:
Statement from NMHC President Doug Bibby:
The breakdown of negotiations this afternoon about the...
Renters’ inception
Since owners of 10.8 million homes owe more on their mortgage than their homes are worth, a decline from 11 million in the second quarter, they act more like renters than homeowners, suggests the...
Obama picks former prosecutor to head SEC
Mary Jo White, former U.S. attorney in Manhattan, has an extensive record of prosecuting white-collar crime, won convictions in the 1993 World Trade Center bombing and the 1998 terrorist attacks on two U.S. embassies...
What markets are good bets for multifamily investments in 2020?
As high-net-worth (HNW) investors and family offices mull this year’s opportunities in commercial real estate, they might want to keep the multifamily mantra in mind.
For several years, industry players have consistently preached about the...
Rate Desk April 3, 2020
April 3 edition
HUD FHA rates at 2.80 for 223F
New construction at 3.50 (40 year fixed)
10 year US treasury at 59 bp
HUD requiring reporting of impacts of C-19
HUD and agency...
Banks increase share of multifamily mortgage debt in Q2
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that the GSEs continued to be the largest source of net new multifamily mortgage funds in Q2. However, for the first...
Rate Desk April 14, 2020
Rate desk April 14 edition:
All markets are up
UST .736 bp
223(f) 2.55%
221(d)(4) 3.20%
Fannie 3.25%
Freddie 3.50%
TEB 3.59%
TEL 3.05%
HUD affordable housing segmented LIHTC into two categories: new and...
Statement from NAHB Chairman Chuck Fowke on Supreme Court OSHA Vaccine Mandate Ruling
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after the U.S. Supreme Court voted 6-3 to stay the Biden administration's enforcement of...
