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...
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...
Builder confidence falls on rising mortgage rates
After steadily rising for seven consecutive months, builder confidence retreated in August as rising mortgage rates nearing 7 percent (per Freddie Mac) and stubbornly high shelter inflation have further eroded housing affordability and put...
JLL property management hires Lewis Taulbee to lead receivership team
JLL Property Management announced that Lewis Taulbee joined the firm as Managing Director of Asset Resolutions. Taulbee will lead JLL’s receivership team in providing strategic turnaround solutions for distressed assets across the U.S. “As the commercial...
Increasing housing supply critical for Fed’s fight on inflation
With shelter inflation accounting for a staggering 90 percent of the overall inflation rate last month, the National Association of Home Builders (NAHB) is calling on policymakers at all levels of government to take...
Construction materials prices nearly unchanged in July
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.1 percent month-over-month in July, seasonally adjusted. The index of components and materials for...
Yardi Matrix reports slowing rent growth in July
Yardi Matrix reported that national average apartment rent increased $2 in July from the revised level of the month before. The average rent reached $1,729 per month. Year-over-year rent growth rate continues to fall The national...
Broad coalition of housing providers and lending associations warns FHFA against rent control
Eighteen associations representing housing providers, lenders and residents today sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents, reduce...
Rising mortgage rates and home prices put a damper on housing affordability
Rising home prices and interest rates coupled with elevated construction costs, low existing inventory and solid demand resulted in a significant decline in housing affordability during the second quarter of 2023. According to the National...
Commercial real estate prices expected to stabilize in H2 2023, CBRE survey finds
Commercial real estate prices are showing signs of stabilizing as inflation moderates and the Federal Reserve nears the end of its interest rate hiking cycle, according to a new CBRE survey. The CBRE survey, which...
