Vol. 66, September 4, 2024
GLOBEST
Apartment Earnings Point To Continued Momentum
Strong demand during the first quarter carried forward into peak leasing season.
NAHB - EYE ON HOUSING
Q2 2024 Single Family Growth Versus Multifamily Decline
Despite high mortgage rates, the lack of resale homes and pent-up demand drove solid growth in single-family permits across nearly all regions in the second quarter.
GLOBEST
Five Sunbelts With Hight Multifamily Returns
Multifamily investments in cities with growing human capital are expected to fare better than investments in Gateway cities.
WOODWORKING NETWORK
Single Family Demand Up - Multifamily Construction Down
A lack of resale homes and pent-up demand more than offset high mortgage rates and contributed to solid single-family permit growth across nearly all geographic regions in the second quarter.
YIELDPRO
Multifamily Construction Spending Slides In July
The?Census Bureau’s?report on construction spending said that the value of multifamily residential construction put in place in July was down 0.04 percent from the revised level of the month before.
MPA
With About 15 Trillion CRE Debt To Mature Can Landlords Refinance?
Landlords face struggles as they navigate rising costs and shrinking equity.
NAHB - EYE ON HOUSING
Apartment Completions Rising
The percentage of new apartment units that were absorbed within three months of completion rose from a decade low 42% to 53% in the first quarter of 2024, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA).
YIELDPRO
Multifamily Property Prices Decline
CoStar?reported that its value-weighted index of multifamily property prices fell 0.6 percent month-over-month in July after three months of gains.
GLOBEST
Multifamily Starts Rise Sharply In July – Permits Level Off
New York remained the top multifamily market in July with 30,618 units permitted.
COSTAR INSIGHT
Pace Of Pandemic Rent Growth In Florida Much Slower When Adjusted For Inflation
Palm Beach still leads the state, five-year growth in Jacksonville negative.
YIELDPRO
Multifamily Concessions Offerings On The Rise
Multifamily concession offerings are on the rise nationally as rent growth slows.
MULTIFAMILY INSIDERS
Connectivity For The Win: High-Speed Internet And Reliable Cell Reception
In today's vast digital landscape and fast-paced environment, reliable WiFi connectivity has become more than just a convenience – it is now a necessity.
NAHB - EYE ON HOUSING
Apartment Completions Rising
The percentage of new apartment units that were absorbed within three months of completion rose from a decade low 42% to 53% in the first quarter of 2024, according to the Census Bureau.
?MORTGAGE BANKERS ASSOCIATION
Mortgage Application Payments Decreased
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,140 from $2,167 in June.
MORTGAGE BANKERS ASSOCIATION
MBA Forecast Commercial Multifamily Borrowing And Lending To Increase 26% To $539B
Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a 26 percent increase from 2023’s total of $429 billion.
GLOBEST
Enormous Department Demand Keeps Pace With Record Breaking Supply
Median rent for a one-bedroom apartment increased 1.6% to $1,534 this month.
ZILLOW
Mortgage Rates Eased Slightly This Week On Employment Data Revisions And Fed Minutes
Mortgage rates eased slightly this week as data revisions showed past employment growth was weaker than previously thought.
MULTI-HOUSING NEWS
Here’s A Short List Of Recent Major Investment Sales And Financings From Coast To Coast
A short list of recent major investment sales and financings from coast to coast.
GLOBEST
Here Is The Largest Demographic Of Renters
Twenty-something professionals are taking over the renter's market.
GLOBEST
How Five CRE Segments Have Fared Over Five Challenging Years
"It's almost as if we've navigated an entire real estate cycle in just a few years."
MULTI-HOUSING NEWS
Top 5 NYC Multifamily Building Sales July 2024
PropertyShark collected the city’s top deals for the sector.
GLOBEST
Multifamily Starts Rise Sharply In July – Permits Level Off
New York remained the top multifamily market in July with 30,618 units permitted.
HOUSINGWIRE
GSES Announce New Tenant Protection Plans For Multifamily Properties
Fannie Mae and Freddie Mac are issuing new minimum standards for tenant lease expirations, rent increases and rent payments.
ALTUS GROUP
CRE This Week What’s Impacting The U.S. Market?
Our team has handpicked pertinent and noteworthy market indicators, articles, original research, and significant industry dates that are critical to the US commercial real estate sector.
GLOBEST
Biden Administration Extending Renter-Friendly Efforts
The newest GSE requirements raise the question of what comes next.
GLOBEST
Multifamily Starts Rise Sharply In July Permits Level Off
New York remained the top multifamily market in July with 30,618 units permitted.
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