
MBA Applauds HUD Move on Multifamily Underwriting Enhancements
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on HUD's announcement of changes to the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for FHA multifamily loans:

Jobs Grow by More Than 250,000 in December; Industry Economists Weigh In
Total nonfarm payroll employment grew by 256,000 in December, and the unemployment rate was little changed at 4.1%, the U.S. Bureau of Labor Statistics reported.

Zillow Anticipates Buffalo, N.Y., as Hottest 2025 Market
Zillow, Seattle, predicted Buffalo, N.Y. will be the country’s hottest market this year.

Freddie Mac: Multifamily Originations, Rent to Rise in 2025
Freddie Mac, McLean, Va., forecasts multifamily originations will rise in 2025, while predicting modest rent growth and a slight increase in vacancy rates.

Dealmaker: Gantry Secures $84.5M for Honolulu Acquisition
Gantry, San Francisco, secured a $63.5 million permanent loan and $21 million preferred equity commitment for the acquisition of Topa Financial Center in Honolulu.

Dodge Momentum Index Grows 10% in December
The Dodge Momentum Index, issued by Dodge Construction Network, Boston, grew 10.2% in December, largely due to growth in planning for commercial properties.