"The path to sustainable homeownership often starts with renting. MBA appreciates the GSEs’ emphasis on enhancing existing products and developing offerings to encourage the rehabilitation and creation of new multifamily rental housing." --MBA President & CEO Robert Broeksmit, CMB.

Employers added nearly 400,000 jobs in May, largely meeting expectations, the Labor Department reported Friday. The unemployment rate held at 3.6 percent for the third straight month.

Colliers, Toronto, reported the office market paused in the first quarter following two quarters of occupancy gains. But the overall trend points toward stabilization, the firm noted.