The Lede

Urban Institute, July 2, 2018--Laurie Goodman, Bhargavi GaneshIn a research brief, the authors say increasing the annual supply of the one of the most affordable types of housing, manufactured housing, from the 93,000 units produced in 2017 could ease the country's severe shortage of affordable housing.

HousingWire, July 2, 2018--Jeremiah JensenIt's the underdog story of the decade. Class-C is now on top of the multifamily food chain, boasting tighter occupancy rates than Class-B and Class-A, according to a report from RealPage.

Mortgage Daily, June 27, 2018Freddie Mac is updating its requirements to allow all comparable sales from outside new condominium projects when there have been no sales yet.

Naional Mortgage Professional, June 26, 2018--Phil HallCommercial/multifamily mortgage debt outstanding rose by by $44.3 billion in the first quarter, according to new data from the Mortgage Bankers Association.

Conventional wisdom suggests the commercial real estate marketplace operates in 10-year cycles--of which 2018 is Year 10. But new reports on commercial mortgage-backed securities performance indicate a market more in mid-cycle form.

New York Life Real Estate Investors, New York, closed its first dedicated national value-add vehicle, The Madison Square Value Enhancement Fund.

During the first three months of 2018, commercial and multifamily mortgage debt outstanding (shown by the red line in the chart) increased more than during any other first quarter since before the Great Recession.

Zillow, Seattle, said rents appreciated at a faster rate this past spring from a year ago in 27 of the 35 largest U.S. rental markets, but noted in pricier markets, rent appreciation slowed noticeably.

During the first three months of 2018, commercial and multifamily mortgage debt outstanding (shown by the red line in the chart) increased more than during any other first quarter since before the Great Recession.

During the first three months of 2018, commercial and multifamily mortgage debt outstanding (shown by the red line in the chart) increased more than during any other first quarter since before the Great Recession.

Relatively stable commercial real estate fundamentals should drive strong investment results for U.S. life insurers over the next 12 to 24 months, said Fitch Ratings, New York.