The Dodge Momentum Index, issued by Dodge Construction Network, Boston, grew 10.2% in December, largely due to growth in planning for commercial properties.
Category: News and Trends
Zillow Anticipates Buffalo, N.Y., as Hottest 2025 Market
Zillow, Seattle, predicted Buffalo, N.Y. will be the country’s hottest market this year.
MBA Applauds HUD Move on Multifamily Underwriting Enhancements
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on HUD’s announcement of changes to the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for FHA multifamily loans:
Freddie Mac: Multifamily Originations, Rent to Rise in 2025
Freddie Mac, McLean, Va., forecasts multifamily originations will rise in 2025, while predicting modest rent growth and a slight increase in vacancy rates.
CREF Policy Update: MBA Applauds HUD Underwriting Enhancements; 119th Congress Sworn In; MORPAC and MAA Leadership News
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: Gantry Secures $84.5M for Honolulu Acquisition
Gantry, San Francisco, secured a $63.5 million permanent loan and $21 million preferred equity commitment for the acquisition of Topa Financial Center in Honolulu.
CMF Quote of the Week
“Jamie is a widely respected and well-known voice in the commercial and multifamily real estate industry whose market expertise and economic insights are highly valued by MBA’s members, policymakers and the media.”
–MBA’s President and CEO Bob Broeksmit, CMB
MBA Names Jamie Woodwell SVP of Commercial/Multifamily Policy and Strategic Industry Engagement
The Mortgage Bankers Association announced the promotion of Jamie Woodwell to Senior Vice President of Commercial/Multifamily Policy and Strategic Industry Engagement.
Construction Spending Holding Steady
November’s construction spending was virtually unchanged from the month before at a seasonally adjusted annual rate of $2,152.6 billion, the U.S. Census Bureau reported.
RCLCO: Sentiment Index in Recovery Territory
RCLCO, Bethesda, Md., released its Real Estate Market Index, finding that sentiment has moved solidly into recovery territory. The index ended the year at 64.8–and an RMI over 60 is typically indicative of positive or improving conditions, the firm says.