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...
Power Hitters with Justin MacDonald
What makes the great state of Texas great? Let’s start with its people. Take the MacDonalds of Kerrville, Texas. Justin MacDonald, third-generation builder and developer owns and manages a portfolio of over 5,700 units across...
GSEs increase share of multifamily mortgage debt in Q2
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt outstanding shows that lending for mortgages on multifamily properties continued in Q2 2020. Total multifamily mortgage debt rose by 2 percent, or...
Rate Desk Wednesday, September 30, 2020
September 30, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. HUD added online queues to track your HUD loan application, and offsetting land costs with HUD statutory limit constraints. Rate Desk notes...
Update on student housing
RealPage recently presented their student housing fall market update. It reported that rent growth and occupancy numbers are below what has been seen in recent years but they are not as bad as some...
Multifamily property values continue to rise in August
A pair of recent reports, one from CoStar and another from Real Capital Analytics (RCA), show that multifamily property continues to see price increases despite the pandemic. Defining the indices The CoStar report focuses on a...
Rent Payment Tracker: rent payments flat from August
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 92.2 percent of apartment households made a full or partial rent payment by September 27 in its survey of 11.4 million units of professionally...
It’s still a good time to invest in apartments
Freddie Mac recently released its Apartment Investment Market Index (AIMI) for Q2 2020. While the index was down slightly from the Q1 reading, it was still up for the year. Defining AIMI Freddie Mac developed the...
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...
Rent Payment Tracker: payments still down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.1 percent of apartment households made a full or partial rent payment by September 20 in its survey of 11.4 million units of professionally...
Comparing urban and suburban apartment markets
RealPage recently held a webinar where they discussed the differences between the recent performance and the future prospects of the urban core apartment markets compared to the more suburban markets. Inspiration for this webcast came...
Best properties and PMCs by reputation
Online reputation management company, Reputation.com, has analyzed its database of 3 million customer reviews of more than 70,000 multifamily properties to compile a list of the best properties and best property management companies. How good...
Power Hitters with Ed Easley
Ed Easley is president of LMC Development, a division of Lennar and the country’s fourth largest developer in a tight race for total units delivered. Lennar is a turn-key organization developing, building, acquiring and...
Multifamily housing construction slows in August
The Census Bureau released its monthly new residential construction report for August 2020. It shows a slowdown in all phases of multifamily housing construction. Permits fall The number of permits issued for buildings with 5 or...
COVID’s impact on multifamily CRE loan credit risk
A report from Moody’s Analytics attempts to predict the impact of the fallout from the COVID-19 pandemic on the credit quality of commercial real estate (CRE) loan portfolios backed by multifamily and other property...
