The Lede

Wall Street Journal, June 24, 2019--Will Parker; Konrad Putzier (subscription)Property investors have spent billions of dollars on apartment buildings for what has been one of the most reliably profitable bets in New York City real estate: converting rent-regulated apartments to market-rate units. But New York's new rent law may cause financial stress for the companies that own these buildings.

HousingWire, June 20, 2019--Jessica GuerinThe merged enterprise will rebrand as SitusAMC and offer services and tech services to commercial and residential real estate firms.

National Mortgage News, June 19, 2019--Bonnie Sinnock (subscription)Since becoming Federal Housing Finance Agency director, Mark Calabria has sent ever clearer signals that the White House is prepared to take unilateral action that would at least start Fannie Mae and Freddie Mac back on the path to private-sector ownership.

The Title Report, June 25, 2019The Mortgage Bankers Association recently launched an initiative to promote more sustainable, affordable homes for purchase and rental. "The lack of affordable housing is presenting significant challenges to families across the country," MBA President and CEO Robert Broeksmit, CMB, said. "We need to explore how the lending community can better partner with public, private and non-profit stakeholders to ensure more Americans have access to homes they can afford."

Trepp, June 25, 2019--Jamie WoodwellThe CMBS market is the most transparent part of the $3.4 trillion commercial and multifamily mortgage industries. In addition to easy access to detailed bond, loan and property information, a dedicated group of CMBS analysts at Wall Street shops, rating agencies, private companies and--dare I say--trade groups offers sophisticated insights into every twist and turn of the market.

MBA offices will be closed on July 4 and 5 in observance of the Independence Day holiday. MBA Commercial/Multifamily NewsLink will publish on Wednesday, July 3 instead. The daily MBA NewsLink issue will publish as usual on Friday, July 5.

CRE executives' market sentiment has decreased since last summer and is likely to continue to slip, said RCLCO, Washington, D.C.

According to Census statistics, the U.S. added 1.5 million households during 2018 but built fewer than 1.2 million new housing units. The result is a tightening inventory--not just of homes for sale, but of homes available to occupy.

Private equity firm Welsh, Carson, Anderson & Stowe agreed to acquire data provider Green Street Advisors from Golden Gate Capital.

U.S. hotel sector growth is likely to slow this year and next, STR and Tourism Economics said.

CoreLogic, Irvine, Calif., said low rental home inventory relative to demand fueled growth of single-family rent prices in April.

According to Census statistics, the U.S. added 1.5 million households during 2018 but built fewer than 1.2 million new housing units. The result is a tightening inventory--not just of homes for sale, but of homes available to occupy.

According to Census statistics, the U.S. added 1.5 million households during 2018 but built fewer than 1.2 million new housing units. The result is a tightening inventory--not just of homes for sale, but of homes available to occupy.

The Harvard University Joint Center for Housing Studies' State of the Nation's Housing report said overall rents rose at a 3.6 percent annual rate in early 2019, twice the pace of overall inflation.