Newmark, New York, reported multifamily demand surged in the first quarter with nearly 104,000 units absorbed–the largest first-quarter total since 2000.
Tag: Multifamily
Yardi Matrix Says Student Housing Still Strong, but Some Metrics Slow
Yardi Matrix, Santa Barbara, Calif., reported in its National Student Housing Report for May 2024 that student housing metrics have moderated somewhat, but remain solid overall.
MBA Statement on HUD Updates to Wind and Named Storm Requirements
MBA’s President and CEO Bob Broeksmit, CMB, released a statement regarding the Department of Housing and Urban Development’s (HUD) updates to its wind and named storm policy for Federal Housing Administration (FHA) multifamily loans.
Urban Land Institute: 2024 Will Continue to See Challenges, but Optimism Ahead
The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways–while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.
Dealmaker: M&T Realty Capital Corp. Closes Two New York Transactions Totaling $433M
M&T Realty Capital Corp., Baltimore, announced two loans in New York state.
RealPage Survey Reveals Multifamily Fraud Is on the Rise
RealPage, Richardson, Texas, found more than 75% of survey participants report an increase in rental fraud in their multifamily communities in the past year.
Bank Multifamily Asset Quality to Deteriorate Amid Higher Refi Rates: Fitch
Fitch Ratings, New York, said it expects banks’ asset-quality metrics to deteriorate for certain U.S. multifamily loans as borrowers will face elevated risks from higher refinancing rates and valuation pressures as loans mature over the next few years.
Fannie Mae, Freddie Mac Multifamily Officials: Workforce Housing, Property Conditions Key Issues–#MBACREF24
SAN DIEGO–The environment remains challenging but issues such as workforce housing, renter protections and property conditions and insurance are prime topics for Freddie Mac and Fannie Mae, officials from each said during a Feb. 13 session at the MBA Commercial/Multifamily Finance Convention and Expo.
Yardi Matrix: Multifamily Construction Starts Remain Steady, but Slow Slightly
Yardi Matrix, Santa Barbara, Calif., reported that the latest numbers for 2023 multifamily construction starts held up well.
Dealmaker: Berkadia Completes Transactions for Virginia Multifamily Property
Berkadia, New York, completed a $38.5 million sale of a multifamily property in Norfolk, Va.