Housing Market Roundup—Mar. 19, 2021
Here’s a rapid-fire summary of recent reports on the housing and housing finance industries:
Initial Claims Rise; Trend Remains Positive
Initial claims for unemployment insurance rose last week, the Labor Department reported Thursday, but analysts said overall trends stayed positive as economic activity picked up steam.
Apartment Investment Environment Slips Slightly
Freddie Mac, McLean, Va., said its Apartment Investment Market Index remained positive in the fourth quarter despite contractions in several major metros.
MBA RIHA Study: Affordability Growing Challenge for Low-, Moderate-Income Renters in Majority of Top 50 Metro Areas
Home prices and rent appreciation have exceeded income growth since the turn of the 21st century. This has created economic obstacles for many American households, especially for low- and moderate-income renters living in cities with recent employment growth but significant housing supply constraints, according to a new report from the MBA Research Institute for Housing America.
JLL, CBRE, KeyBank Lead MBA 2020 Commercial/Multifamily Originators
The Mortgage Bankers Association this week released its 2020 Rankings of Commercial/Multifamily Mortgage Firms by origination volumes. The report said JLL, CBRE and KeyBank led commercial/multifamily overall rankings.
