Trepp, New York, reported its CMBS delinquency rate rose again in April, up 38 basis points to 7.03%.
Category: News and Trends
Chart of the Week: Monthly Payroll Growth, Unemployment Rate and Average Hourly Earnings
The April Employment Situation report showed that the job market continues to hold up. The pace of job growth slowed in April to a 177,000 gain, down from a downwardly revised 185,000 gain in March, but above the 152,000 average gain over the past 12 months.
Recruiting Underway: President of MISMO, the Mortgage Industry’s Standards Development Organization
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U.S. Adds 177,000 Jobs in April; Industry Economists Weigh In
The U.S. Bureau of Labor Statistics reported that 177,000 jobs were added to total nonfarm payroll employment last month, with the unemployment rate flat at 4.2%.
CBRE: U.S. Multifamily Rebound Continues in Q1
CBRE, Dallas, found the overall multifamily vacancy rate fell to 4.8% in Q1, as renter demand continued to outpace new deliveries.
Watch: MBA’s Bob Broeksmit on the Latest on Trigger Leads; Improving HUD’s Lending Programs
MBA’s President and CEO Bob Broeksmit, CMB, provides a video message on the latest on trigger leads and HUD’s lending programs.
Dealmaker: BWE, Blueprint Healthcare Secure $18M for Pacific Northwest Memory Care Properties
BWE and Blueprint Healthcare Real Estate Advisors closed two loans totaling $17.8 million to provide financing for the acquisition of two memory care communities: a $10.4 million loan for Windsong at Southridge, a Class A, 56-unit community in Kennewick, Wash. and a $7.4 million loan for Windsong at Eola Hills, also a Class A, 56-unit community in Salem, Ore.
CREF Policy Update: MBA Applauds Senate Bill Introduction on FHA Multifamily Loan Limits
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA Statement on Senate Bill Introduction to Raise FHA Multifamily Loan Limits
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the introduction from Senators Ruben Gallego (D-AZ) and Dave McCormick (R-PA) of a bipartisan bill to increase Federal Housing Administration (FHA) multifamily statutory loan limits.
Bankrate Reports Renting Increasingly Cheaper Than Buying in Most Metros
Renting remains cheaper than buying a home in all 50 of the largest U.S. metros, with the difference between the two growing in 38 metros since last year, according to Bankrate, New York.