Tag: Blog
Multifamily CMBS special servicing rate rises again in September
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans continued to move higher in September, rising another 36 basis points....
Where can market rate substitute for affordable housing?
Yardi Matrix recently announced focused coverage of the affordable housing market. As part of that coverage, they released a study showing wide variation in...
Strong employment growth reported by BLS
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth rose in September from the gain initially reported for...
Rents fall in autumn
The latest rent report from Apartment List shows that the national median monthly rent growth in September was -0.48 percent, a larger decline than...
Multifamily construction spending lower in August
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in August was down 0.35 percent...
Construction job openings up sharply in August
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in August...
Multifamily CMBS delinquency rate edges higher
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose again in September, but only by 3 basis points basis points....
CoStar: multifamily property prices down in August
CoStar reported that its value-weighted index of multifamily property prices fell 1.3 percent month-over-month in August, doubling last month’s reported decline. This index was...
MSCI: Multifamily property prices rise in August
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 0.1 percent in August from their level...
Apartment investment environment shows slight improvement in Q2
Freddie Mac recently released its Apartment Investment Market Index (AIMI) for Q2 2024. The national index was up, but only by 0.3 percent in...
Multifamily mortgage debt outstanding reported higher in Q2
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $19.35 billion in Q2 from the revised level of the quarter...
SFR rent growth rate edges lower
CoreLogic reported that their single-family rent index (SFRI) for July rose 2.8 percent from its year-earlier level. This is down 0.1 percentage point from...
Multifamily starts forecast revised lower
Fannie Mae’s September housing forecast calls for fewer multifamily housing starts in 2024 and 2025 than in last month’s forecast. The downward revision follows...
Fed delivers large interest rate cut
Federal Open Market Committee (FOMC) met this week and, in an unusual pre-election move, decided to lower their target interest rate by 0.5 percentage...
Multifamily completions surge in August
The Census Bureau’s new residential construction report stated that multifamily completions leapt to a multiyear high in August. However, multifamily starts fell despite higher...
