Multifamily Completions Jump; Rents Stall

Yardi Matrix, Santa Barbara, Calif., said multifamily construction reached a 50-year high, with 420,000 new apartments expected to deliver nationwide this year.

Dealmaker: Capital One Closes $30M Virginia Refinance

Capital One, McLean, Va., provided $29.4 million in financing to Fairfield Residential, San Diego, Calif., to renovate Grand Oaks Apartment Homes, a 216-unit affordable housing community in Chester, Va.

Multifamily Sector Fundamentals Could Moderate

After six months of healthy growth in multifamily fundamentals, Freddie Mac, McLean, Va., said the sector’s growth could moderate through the remainder of 2022.

Yardi Matrix: Multifamily Outlook Hopeful Amid Volatile Economy

The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership, said Yardi Matrix, Santa Barbara, Calif., The sector, however, is at an inflection point as soaring inflation prompts the Federal Reserve to raise interest rates to reduce growth.

Yardi Matrix: Multifamily Outlook Hopeful Amid Volatile Economy

The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership, said Yardi Matrix, Santa Barbara, Calif., The sector, however, is at an inflection point as soaring inflation prompts the Federal Reserve to raise interest rates to reduce growth.

Multifamily Posts Broad Gains; Asking Rents Top $2,000

Multifamily performance continued its strong run in May, reported Yardi Matrix, Santa Barbara, Calif. In a separate report, Redfin, Seattle, said median monthly asking rents topped $2,000 for the first time.