After Senate passage, ROAD to Housing Act awaits House action
On October 9, the U.S. Senate passed the bipartisan Renewing Opportunity in the American Dream to Housing Act of 2025 (ROAD to Housing Act) as part of its version of the National Defense Authorization...
Trepp cautiously optimistic on bank multifamily lending
The Trepp T-ALLR Bank CRE Loan Performance report for Q2 2025 looks at multifamily housing loan activity. It describes how well banks are navigating the current climate of shifting economic and policy conditions. The...
Walker & Dunlop reviews seniors housing prospects
The 2025 Seniors Housing Outlook report describes an industry set for robust growth and dynamic change, fueled by favorable demographic shifts, strong investor interest, and a competitive landscape where high-quality assets thrive. In a...
Yardi Matrix: Advertised rents drop in September
Yardi Matrix reported that the national average asking apartment rent fell $6 in September compared to the revised level of the month before to $1,750 per month. The national average year-over-year asking apartment rent growth was...
Multifamily CMBS delinquency rate moves lower
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) retreated in September after last month’s surge. The overall CMBS delinquency rate also fell. Its 6 basis point decline reversed last month’s...
JOLT report shows slow job growth despite higher openings
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of total non-farm job openings in August rose to 7.23 million. However, minimal employment growth...
Rent growth negative in September
The latest rent report from Apartment List shows that national median rent fell in September with month-over-month rent growth of -0.42 percent. As it has been for the last two years, year-over-year rent growth...
CoStar: multifamily property prices continue to decline in August
CoStar reported that its value-weighted index of multifamily property prices fell month-over-month in August, dropping 1.31 percent, its sixth consecutive monthly decline. However, CoStar reported that this index was still up 1.84 percent year-over-year.
By...
MSCI: Multifamily property prices unchanged despite overall price rise
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were effectively unchanged in August compared to the revised level of the month before. This is the third...
Life insurers raise holdings of multifamily mortgage debt in Q2
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $27.70 billion in Q2 from the revised level of the quarter before. Total multifamily debt reached a level of $2.195 trillion....
Multifamily starts forecasts revised higher again
Revisions to Fannie Mae’s September housing forecast raise the number of multifamily starts expected in 2025 and 2026 from those in last month’s forecast. Fannie Mae is now predicting 412,000 starts in 2025 with...
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...
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...
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...
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...
