Thursday, September 19, 2024

National

Articles with a National focus

SFR Housing market institutional freeze

Just as national home prices were bottoming in early 2012 following the crash that started in 2007, institutional buyer Invitation Homes (owned by Blackstone at the time) was entering the U.S. housing market and...

Public Storage to acquire Simply Self Storage for $2.2 billion

Self-storage operator Public Storage has moved to buy Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion. Demand for storage space has waned from the heights of the pandemic as people...

Fitch downgrades U.S. credit rating

Fitch Ratings downgraded the U.S. government’s credit rating weeks after President Biden and congressional Republicans came to the brink of a historic default, warning about the growing debt burden and political dysfunction in Washington. The...

Groups urge Supreme Court to overrule pro-bureaucracy rule that aids administrative state

Limited-government advocates are urging the Supreme Court to overrule “Chevron deference,” a bureaucracy-empowering legal doctrine they say has distorted the U.S. system of government for decades at the expense of everyday citizens. The court’s ruling...

Incandescent bulbs banned (again)

The Biden Administration has implemented a ban on incandescent light bulbs in favor of energy-efficient bulbs, following a years-long bipartisan effort to phase out the bulbs after earlier regulations and standards were blocked by...

The Great Purpling

The sky over the city of Vancouver was the color of a television tuned to a Prince concert. OK, maybe not the whole sky. But enough of it that people noticed. A bunch of streetlights—a...

Young hires of 2023 ill-prepared

The effect of years of remote learning during the pandemic is gumming up workplaces around the country. It is one reason professional service jobs are going unfilled and goods aren’t making it to market....

American Homes 4 Rent, Invitation Homes strike separate expansion deals

For all the concerns about the rental housing business, American Homes 4 Rent and Invitation Homes are expanding. Single-family home rental REIT American Homes announced in the course of its Q2 2023 earnings results a...
New London

A changing housing market has led to the rise of “attainable” housing brands

It’s no secret that housing costs have gone up in the last few decades—a lot. Buying a home has become extremely expensive in many cities around the country, and with ongoing high interest rates,...

FHA increases threshold for large multifamily loans

The Federal Housing Administration (FHA) has increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This is the first increase in the threshold since 2014...

Housing’s recession already happened?

A lot of people still expect the U.S. to fall into a recession. But for the housing market, the recession could already be in the rearview mirror. Builders are sounding less downbeat than they were...

Multifamily developer confidence in positive territory for second quarter

Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders...
multifamily housing construction

July multifamily construction completions down sharply

The Census Bureau’s new residential construction report for July stated that the number of multifamily permits issued, starts and unit completions were all down from the levels reported last month. The number of multifamily...

Single-family starts edge higher in July but rising rate concerns persist

A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction and financing costs as well...

Multifamily mortgage originations rise from Q1 to Q2

A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q2 2023 were up 37 percent quarter-over-quarter but were down 48 percent year-over-year. Originations of all commercial mortgages as...
Yield PRO