Multifamily construction spending edges higher
The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in May rose slightly from the revised level of the month before. Spending on single-family residential...
CoStar: multifamily property prices higher in May
CoStar reported that its value-weighted index of multifamily property prices rose 0.51 percent month-over-month in May, a reversal from last month’s reported decline. This index was up 4.72 percent year-over-year.
By contrast, MSCI Real Capital...
Multifamily mortgage originations up sharply in Q1
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations were up 39 percent year-over-year in Q1. Originations of all commercial mortgages as a single asset class rose 42 percent year-over-year.
Commercial...
Yardi Matrix sees resilience amid uncertainty for multifamily
Yardi Matrix recently released its Multifamily National Report for Summer 2025. It provides a look at the prospects for the U.S. multifamily housing sector in light of current economic conditions.
Economic context: growth slows, risks...
Rise in multifamily employment outpaces national gains
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated employment grew in June, but many of the jobs added were in government, health care and social assistance. The employment levels for...
Job openings rise in May but not for multifamily
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 May rose to 7.77 million. However, job openings in...
MSCI: Multifamily property prices continue to fall
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were down 0.4 percent month-over-month in May compared to the revised level of the month before. Prices were...
Fannie Mae’s view of the economy brightens
Revisions to Fannie Mae’s housing forecast in June call for more multifamily starts in 2025 than in last month’s forecast. Fannie Mae is now predicting 397,000 starts in 2025 with 392,000 starts in 2026.
The...
MSCI: Multifamily property prices head lower
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices were down 0.4 percent month-over-month in April compared to the revised level of the month before. Prices were...
CBRE reports cap rates continue downward movement in Q1
A new report from CBRE states that cap rates for core multifamily assets moved lower in Q1, continuing a trend that began in Q1 2024. Both buyer and seller sentiment improved, according to the...
CMBS delinquency rate rises on jump in multifamily delinquencies
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans surged higher in March, more than reversing last month’s decline. The overall CMBS delinquency rate also rose, gaining 35 basis points.
Overall...
Multifamily CMBS delinquency rate lower in May
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans decreased in May after two months of sharp gains. However, the overall CMBS delinquency rate rose slightly, gaining 5 basis points...
Multifamily delinquencies lead CMBS delinquency rate higher
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans surged higher again in April on a few large loans becoming delinquent. The overall CMBS delinquency rate also rose, gaining 38...
Construction material prices rise on higher lumber prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2020. It showed that the BLS price index of materials and components for construction was up 0.5 percent from June,...
Fed raises rate forecast for 2025
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics projected that interest rates after 2024 will...
