The Dodge Momentum Index improved 1% in October to 181.7 (2000=100) from the revised September reading of 180.3, according to the Dodge Construction Network, Hamilton, N.J.
Category: News and Trends
End of Year Analysis: The Affordable Rental Housing Strategy
In October 2022, the Mortgage Bankers Association launched the Affordable Rental Housing Strategy under the leadership of 2023 Chairman Matt Rocco, President of Colliers Mortgage.
Commercial and Multifamily People in the News Nov. 16, 2023
Commercial and multifamily personnel news from Greystone, JLL and Berkadia.
Single-Tenant Net Lease Cap Rates Increase For Sixth Consecutive Quarter
The Boulder Group, Wilmette, Ill., reported cap rates in the single-tenant net lease sector increased for the sixth consecutive quarter, largely due to higher interest rates.
CREF Policy Update Nov. 9
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: NewPoint Provides $22.5M for Idaho Workforce Housing Development
NewPoint Real Estate Capital, Plano, Texas, provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing for the development of a workforce housing community being built in Victor, Idaho, near the state’s border with Wyoming.
MBA: Commercial/Multifamily Borrowing Down 49% in Third Quarter
Commercial and multifamily mortgage loan originations were 49% lower in the third quarter of 2023 compared to a year ago, and decreased 7% from the second quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
CBRE: Multifamily Rent Growth Slows in Q3
CBRE, Dallas, found that average multifamily rent growth slowed to 0.7% year-over-year in the third quarter amid an influx of deliveries of new units.
Urban Land Institute, PwC Report: New Norms Emerging in Industry
The Urban Land Institute, Washington, D.C., and PwC, London, released their annual Emerging Trends in Real Estate 2024 report, highlighting the “Great Reset” present in the industry.
Commercial/Multifamily Briefs, Nov. 9, 2023
Industry news from M&T Realty Capital Corp., City First Bank, NewPoint and HUD.