MBA Newslinks Archive

“Engagement is the key to sustainable success. Overcoming challenges and achieving these goals to maintain a strong commercial/multifamily marketplace only occurs when we work together.”
–MBA President and CEO David Stevens, CMB.

“The first reading on commercial property markets in 2016 shows property values increasing, but still at a slower pace as the previously divergent growth rates of the different property segments continue to converge.”
–Peter Muoio, chief economist with Ten-X, Irvine, Calif.

“This is a positive step toward helping support the need for affordable and more cost-efficient rental housing. Specifically, the reduction in Mortgage Insurance Premiums for FHA loans on multifamily affordable and energy efficient properties may help build more apartments and allow for more families and individuals to access affordable and energy efficient housing.”
–MBA President and CEO David Stevens, CMB.

“The Federal Reserve’s January statement regarding the economic outlook was more cautious than that in December. The financial market volatility in recent weeks, and the continued lack of any significant pickup in inflation, may lead the Fed to be even more gradual with respect to rate hikes this year.”  
–MBA Chief Economist Mike Fratantoni.

“Historically low levels of inventory for new and existing homes should continue to support home prices into 2016. Meanwhile, housing demand is likely to remain solid as underlying fundamentals, including improving labor market conditions and household formations, continue to strengthen.”–Mark Vitner, senior economist with Wells Fargo Securities, Charlotte, N.C.

“2016 is looking to be a stronger year for home renovation activity compared to 2015 thanks to the continued recovery in the owner-occupied housing market. In most markets across the country, rising house prices are bringing more homes to the market and increasing sales, which is a large driver of home improvement activity.”
–Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.

“The slowdown in rental appreciation will provide some relief for renters who’ve been seeing their rents rise dramatically every single year for the past few years.”
–Zillow Chief Economist Svenja Gudell.

“Despite recent months’ more upbeat data on new home sales and residential construction, prices have been relatively stable since August, with month-to-month momentum showing no significant gains, neither decelerating nor accelerating rapidly.”
–Yanling Mayer, FNC housing economist and director of research.  

“The financial and real estate markets appear stable as we begin 2016, but variables now surfacing could undermine short-term prosperity. The year ahead seems to be the waning days of a prosperous cycle–perhaps even a cyclical top in liquidity, pricing and transaction velocity.”
–Avison Young Chair and CEO Mark Rose.