The Dodge Momentum Index–a measure of the value of nonresidential building projects going into planning–decreased 4.2% in September, and commercial properties entering the planning stage contracted 7.8%, according to the Dodge Construction Network, Bedford, Mass.
Category: News and Trends
Point2: House Renters Prioritizing Space, Pets, Privacy
Point2, Saskatoon, Saskatchewan, conducted a survey of renters of single-family homes, finding that privacy and space are among the top motivators–but the comfort of their furry friends also ranks high.
RentCafe: In Shift, Detroit Tops List of Most Sought-After City for Renters
RentCafe, Santa Barbara, Calif., released its Rental Activity Report for September, finding Detroit took the top spot.
CREF Policy Update: MBA Responds to HUD Proposal on Loan Disbursements
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dealmaker: Walker & Dunlop Arranges $137M for Downtown Boston Multifamily
Walker & Dunlop, Bethesda, Md., arranged $137.2 million for LUKA on the Common, a 398-unit, 30-story apartment community in downtown Boston.
CMF Quote of the Week
“There is a stagnant supply of net lease properties on the market resulting from limited transaction activity from both private and institutional buyers.”
–Boulder Group President Randy Blankstein
Yardi Matrix: Fully Affordable Housing Deliveries to Hit Peak in 2025
Yardi Matrix, Santa Barbara, Calif., released a new study on affordable housing, forecasting that deliveries of fully affordable housing will reach 69,600 in 2024 and 70,500 in 2025, before dropping in future years.
RCN Capital: Real Estate Investor Optimism Grows
RCN Capital, South Windsor, Conn., released its Fall 2024 RCN Capital/CJ Patrick Co. Investor Sentiment Index, finding that 68% of real estate investors view today’s market as better or much better than it was a year ago.
Radian Launches Annual Opens Doors Opens Hearts Fundraiser
Each year in the lead up to the Mortgage Bankers Association Annual Convention, Radian Group, Philadelphia, launches its Radian Opens Doors Opens Hearts campaign benefiting the MBA Opens Doors Foundation, which provides mortgage and rental assistance grants to families caring for critically ill or injured children.
BLS: 254,000 Jobs Added in September
The Bureau of Labor Statistics announced 254,000 jobs were added in September, with the unemployment level still relatively flat at 4.1%.