At a high level, the fundamentals of the data center sector remain strong, especially relative to other types of real estate, but rising interest rates have put downward pressure on valuations.
Category: News and Trends
MBA Announces Members of 2023 Affordable Rental Housing Advisory Council
The Mortgage Bankers Association announced the members of its 2023 Affordable Rental Housing Advisory Council.
Positive Outlook for Single-Family Rental Sector
The single-family rental sector will likely face cyclical headwinds this year, but the long-term outlook remains firmly positive, reported Arbor Realty Trust, Uniondale, N.Y.
HUD Proposes $73.3B Fiscal 2024 Budget
HUD on Monday submitted a $73.3 billion fiscal 2024 budget, an increase of $1.1 billion from the current fiscal 2023 enacted funding level, including $104 billion for new mandatory affordable housing investments.
MBA Chart of the Week March 16 2023–Estimated Total Commercial Mortgage Maturities
At MBA’s CREF Convention in San Diego last month, we released the results of our annual survey of upcoming commercial and multifamily mortgage maturities. The survey collects information directly from loan servicers on when the loans they service mature.
Dealmaker: NewPoint Provides $21M Construction Loan in Milwaukee
NewPoint Real Estate Capital, Plano, Texas, provided $20.6 million to develop Michigan Street Commons, a 99-unit affordable housing community to be built in Milwaukee, Wis.
CBRE: Looming Multifamily Oversupply Likely Short-Lived
CBRE, Dallas, said delivery of a near-record 716,000 new multifamily units over the next two years will create a short-term oversupply, but noted the new supply will keep long-term fundamentals healthy.
RIHA Releases Second Collection of Essays on Climate Change’s Impact on Real Estate Finance
The Mortgage Bankers Association’s Research Institute for Housing America published a second collection of essays that addresses affects of climate change on the real estate finance industry.
RealPage: Apartment Rent Collections Reach Highest Mark Since Before COVID
RealPage, Richardson, Texas, reported market-rate apartment renters are paying their monthly rent at the highest frequency in three years.
MBA CREF Policy Update March 16, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.