“Although new supply is at a nearly 40-year high, that headwind will be short lived, and is typically located in areas with high demand.”
–Sara Hoffmann, Senior Director of Multifamily Research at Freddie Mac
Category: News and Trends
MBA Chart of the Week: State, Local Building Performance Standards
New York City has Local Law 97. Washington D.C. has its Building Energy Performance Standards (BEPS). Seattle has its Building Emissions Performance Standards (also BEPS). Denver has its Building Performance Policy (BPP).
RealPage: Apartment Demand Remains Very Strong
RealPage, Richardson, Texas, found that year-to-date data points to 2024 shaping up to be one of the strongest years of apartment demand on record.
In Case You Missed It–A Look at the Second Annual mPact Summit and What’s Next
This spring, more than 100 mortgage industry professionals gathered in Plano, Texas, for a day of learning and networking, largely aimed at young and early-career participants.
MBA Opposes Biden Campaign’s Nationwide Rent Control Proposal
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on President Joe Biden’s campaign proposal to cap rents nationally.
Dealmaker: CBRE Secures $130M Construction Financing in Los Angeles
CBRE Capital Markets’ Debt and Structured Finance secured $130 million in construction financing for the development of a studio campus in the downtown Los Angeles Arts District.
CREF Policy Update: FHFA Announces New Resident-Centered Practices for GSE-backed Multifamily Properties
Commercial and multifamily developments and activities from MBA important to your business and our industry.
JLL: Construction Costs Have Stabilized
The U.S. construction industry is adjusting to new demand patterns, according to JLL, Chicago.
CMF Quote of the Week: July 11, 2024
“Building more housing is a tried and true way to ease the housing affordability crisis, and with rent and home prices at historic highs, local and federal leaders should continue to encourage more construction.”
–Redfin Senior Economist Sheharyar Bokhari
Dealmaker: JLL Secures $430M for Fairmont Austin Hotel in Texas
JLL, Chicago, arranged a $430 million refinancing for Fairmont Austin, a 37-story hotel in downtown Austin, Texas.