Category: News and Trends

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

Cost escalation represents the biggest challenge commercial real estate developers will face over the next five years, said Altus Group Limited, Toronto.

Buoyed by a strong economy and continued healthy demand, the average U.S. apartment rent rose $2 in August to $1,412, up 3.1 percent year-over-year, reported Yardi Matrix, Santa Barbara, Calif.

Fannie Mae, Washington, D.C., priced its eighth multifamily Delegated Underwriting and Servicing real estate mortgage investment conduit this year, totaling $857.2 million.

The appetite for seniors housing remains strong, with nearly two-thirds of investors planning to increase their portfolios over the next 12 months, said CBRE, Los Angeles.

It is hard to overstate how low commercial and multifamily mortgage delinquency rates are today.

Despite pressure from rising interest rates, valuations on properties securing small-balance multifamily loans have shown clear resilience, said Arbor and Chandan Economics.

Strong market fundamentals, an abundance of capital and an influx of investors continue to propel the multifamily market, said Real Capital Markets, Carlsbad, Calif.

The Mortgage Bankers Association and nearly 30 trade groups representing the real estate finance industry and community groups took the extraordinary step of publishing an Open Letter to the Trump Administration and Congress, urging them to step up efforts to reform the secondary housing market.

The commercial mortgage-backed securities delinquency rate fell again in August for the sixth consecutive month, but large loans liquidated with high loss severities drove up the second quarter’s loss severity figure, analysts said.