MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the Federal Housing Finance Agency’s (FHFA) announcement of the 2024 multifamily lending purchase caps for Fannie Mae and Freddie Mac (the GSEs).
Commercial and multifamily developments and activities from MBA important to your business and our industry.
The Dodge Momentum Index improved 1% in October to 181.7 (2000=100) from the revised September reading of 180.3, according to the Dodge Construction Network, Hamilton, N.J.
Yardi Matrix, Santa Barbara, Calif., reported multifamily construction starts increased slightly in the third quarter, and overall construction levels should yield an uptick for 2024 and 2025 completions.
In October 2022, the Mortgage Bankers Association launched the Affordable Rental Housing Strategy under the leadership of 2023 Chairman Matt Rocco, President of Colliers Mortgage.
Commercial and multifamily personnel news from Greystone, JLL and Berkadia.
Eastern Union, New York, announced it closed on a $74.2 million transaction to refinance a construction loan for a multifamily property in northern New Jersey.
Fannie Mae: Record-High 85% of Consumers Call It a Bad Time to Buy a Home; Most Expect Rental Prices to Increase
The Fannie Mae Home Purchase Sentiment Index remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continues to depress overall sentiment.