Yardi Matrix, Santa Barbara, Calif., found the industrial sector experienced stabilization in 2024 after a few years of running hot.
Category: News and Trends
MBA Promotes Megan Booth to Vice President of Commercial/Multifamily Policy
The Mortgage Bankers Association announced the promotion of Megan Booth to Vice President of Commercial/Multifamily Policy.
CREF Policy Update: FHFA Director Nominated; Confirmation Hearing Recaps on Turner, Bessent; Register for MBA NAC
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: Northmarq Brokers $16M Sale of Two San Clemente Hotels
Northmarq’s Newport Beach, Calif. office closed the $15.5 million sale of Seahorse Resort and Villa Del Mar Inn, two hotels in San Clemente, Calif.
CMF Quote of the Week
“HUD’s decision to refine FHA underwriting criteria to more appropriate levels should result in an increase in production of much-needed rental housing by tens of thousands of units over the next three years at little to no additional risk to the FHA fund or taxpayers.”
–MBA President and CEO Bob Broeksmit, CMB, discussing HUD’s announcement of changes to the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for FHA multifamily loans
MBA, Others Urge Senate to Confirm Scott Turner as HUD Secretary
The Mortgage Bankers Association and more than 20 other trade associations wrote to the Senate Banking Committee yesterday to express support for Scott Turner to serve as the next Secretary of Housing and Urban Development.
Jobs Grow by More Than 250,000 in December; Industry Economists Weigh In
Total nonfarm payroll employment grew by 256,000 in December, and the unemployment rate was little changed at 4.1%, the U.S. Bureau of Labor Statistics reported.
Zillow Anticipates Buffalo, N.Y., as Hottest 2025 Market
Zillow, Seattle, predicted Buffalo, N.Y. will be the country’s hottest market this year.
Chart of the Week: Housing Starts and Housing Starts for Every 1 Million People
In this week’s MBA Chart of the Week, we look at one statistic–aggregate single-family and multifamily housing starts–and examine how it has evolved since the start of the Carter Administration.
MBA Statement on the Victims of the Southern California Wildfires
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the victims affected by the wildfires in Southern California: