Thursday, October 23, 2025

National

Articles with a National focus

FOMC lowers interest rates

Fed lowers benchmark interest rate

The economic projections released by the Federal Open Market Committee (FOMC) after this week’s meeting indicate that they expect higher GDP growth ahead than in last their forecast. They left their forecasts for the...
apartment construction

Multifamily starts lower but completions surge in August

The Census Bureau’s report on new residential construction stated that multifamily permits fell again in August. Multifamily starts were down sharply from the high level reported last month while a big increase was reported...
Manulife Investment Management and TruAmerica

Manulife Investment Management and TruAmerica Launch $1B Affordable Housing Joint Venture with Initial Acquisition...

Manulife Investment Management (Manulife IM), a company of Manulife Wealth & Asset Management, and TruAmerica Multifamily, a national, vertically integrated multifamily investment firm, announced the formation of a $1 billion Affordable Housing joint venture. With...
loans requiring special servicing

Multifamily CMBS special servicing rate higher in August despite overall drop

Trepp reported that the special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans rose in August, although it remains below its level of last December. However, the overall CMBS special servicing rate on...
multifamily mortgage delinquencies

Commercial mortgage delinquency rates continue higher

The Mortgage Bankers Association (MBA) reported that delinquency rates rose in Q2 for commercial and multifamily mortgages issued by 4 of the 5 classes of lenders they track. Distress definitions differ The MBA report is issued...
Sunroad Multifamily Portfolio Venture

JLL Arranges $1.1B Multifamily Portfolio Venture Across Six States

JLL Capital Markets announced that it has arranged a $1.1 billion, 15-property, national multifamily portfolio venture located in six states. JLL worked on behalf of the owner, Sunroad Enterprises, to capitalize the portfolio with Fairfield,...
Milestone Real Estate Investors Fund VI

The Milestone Group Closes $1.1B Milestone Real Estate Investors Fund VI, LP

The Milestone Group ("Milestone"), a leading private equity real estate investment firm, announces the final close of its sixth discretionary equity vehicle, Milestone Real Estate Investors VI, LP ("Fund VI"), at its hard cap...
rental concessions

Rental concessions rise in August

Rental concessions rise again in August while Texas markets dominate discounts. As new apartment supply continues in select markets, but is expected to peak later this year, rental concessions have become a crucial...
single-family rental housing on the rise

The shifting landscape of rental housing: Single-family rentals vs. multifamily

For decades, when we thought of "rental housing," our minds went straight to apartment complexes. Towering buildings with dozens or even hundreds of units, managed by large corporations. But a quiet revolution has been...
construction materials prics for steel rebar

Construction materials prices rise as steel rolls higher

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in August on a seasonally adjusted basis. The intermediate demand index of...
satisfacts renter study result summary

Biennial online renter study shows evolving renter behavior

The multifamily housing industry is witnessing a fundamental shift in how prospective renters discover, evaluate, and choose their living spaces. The 2025 Biennial Online Renter Study by SatisFacts reveals a marketplace where traditional marketing...
HBGI shows shares of multifamily permits

Smaller metros increase share of multifamily permits in Q2

The National Association of Home Builders (NAHB) recently released its Home Builders Geography Index (HBGI) report for Q2 2025. It does not look at absolute numbers of permits issued but rather looks at what...
Dream Residential REIT

Morgan Properties to Acquire Dream Residential REIT for $354M in All-Cash Transaction

Dream Residential Real Estate Investment Trust announced that it has entered into an agreement under which Morgan Properties will acquire the REIT in an all-cash transaction valued at approximately US$354 million. Under the terms of...
weak employment growth

Weak overall employment growth reported for August

The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated overall employment growth slowed in August. The employment levels for the 4 multifamily-related jobs categories that we track were all lower than...
Maria Rodriguez

Pennrose Announces Maria Rodriguez as Vice President & Legal Counsel

Pennrose, a national leader in the development and management of high-quality mixed-income and mixed-use housing, has announced the appointment of Maria Rodriguez as vice president and legal counsel. In this role, Maria Rodriguez will be...
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