SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.
Tag: Multifamily
MBA Chart of the Week Feb. 3, 2023: Multifamily Construction/Vacancies
At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.
RealPage: Apartment Demand Turns Negative for the First Time Since 2009
RealPage, Richardson, Texas, said net demand for apartments finished 2022 in negative territory for the first time in years.
RealPage: Gateway Markets See More Volatile Apartment Rents
The COVID pandemic hit apartment markets nationwide, but different markets saw very different effects, reported RealPage, Richardson, Texas.
RealPage: Apartment Demand Plunges in Third Quarter
RealPage, Richardson, Texas, said apartment demand plunged in the third quarter as new leasing stalled far more than expected.
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.
Apartment Rent Growth Moderates as Pipeline Swells
U.S. apartment rent growth moderated in July as apartment deliveries accelerated, according to new reports.
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.