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Q2 GDP growth revised upward to 4.2%

GDP growth in the second quarter has been revised upward by the Commerce Department to an annualized 4.2% from an initial estimate of 4.1%, after economists expected no change. Adjusted corporate profit before tax has climbed 7.7% during the past year, the largest 12-month increase in four years. Read full story Read more

Fannie and Freddie to Exit Single-Family Rental Market

The government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, will conclude their single-family rental pilot programs and terminate their participation in the single-family... Read full story Read more

New Freddie Mac incentive looks to keep rents affordable

Freddie Mac announced Tuesday its new program to keep rents more affordable by incentivizing investors with favorable loan pricing. Read full story Read more

National Average Rents Rise to an All-Time High

The national average rent rose by $3 in July 2018 as the market remains on its steady pace, up to an all-time high of $1,409, according to the latest Yardi Matrix Multifamily National... Read full story Read more

No ‘Looming Threats’ to Multifamily Performance

"The multifamily market's current strong performance should continue throughout 2018 and well into 2019, said Freddie Mac Multifamily, McLean, Va." Read full story Read more

Multifamily Starts Mixed in Top 10 Metros in H1 2018

"Half of the top 10 metropolitan markets for commercial and multifamily construction starts showed increased activity during the first six months of this year compared with a year ago." Read full story Read more

Fund managers foresee US recession by early 2020

A majority of fund managers expect a recession in the US by early 2020, according to a Bank of America survey. A separate survey of bond-market experts reveals widespread expectations of a yield-curve inversion, a recession signal, within two years. Read full story Read more

5 Trends to Watch in Multifamily Investment for the Rest of 2018

Multifamily investors have continued to enjoy rock-solid stability and strong fundamentals in the early half of 2018.  Read full story Read more

Yardi: Strong Market Performance Expected Despite Rising Interest Rates, Moderate Rent Growth

Despite decelerating rent gains, high supply, and rising interest rates in the late market cycle, the multifamily market remains healthy, according to Yardi Matrix's report U.S.... Read full story Read more

Fannie Mae: Economic Growth to Accelerate Through 2018

Upsides include consumer-spending increase; downsides, Fed tightening. Read full story Read more

Senior housing REITs back off aggressive acquisition strategies

Senior housing REITs are selling off more properties than they are acquiring this year following a period when they were aggressive buyers. They still are buying but are waiting for near-term headwinds to subside before they pick up the pace. Read full story Read more

Report: Housing Moves Further Out of Reach

It is getting harder for low-income Americans to afford a modest apartment. In no state can an individual working a 40-hour week at the minimum wage afford a two-bedroom apartment... Read full story Read more

Fed reports increased CRE activity, tariff concerns

Commercial real estate activity has increased, although construction prices are rising, according to the Federal Reserve's Beige Book. The US business outlook is positive overall, and the economy is on target for ongoing growth, but companies are concerned about tariffs and a potential trade war, it said. Read full story Read more

Positioning Class B as a Lucrative Value Alternative

Multifamily developers are continuing to target supply-constrained urban core markets. As land availability tightens and construction prices skyrocket, the bulk of new development in... Read full story Read more

Prices Keep Rising for Apartment Properties, Forcing Investors into Smaller Markets

Investors keep looking for apartment buildings to buy at good prices. The search is leading them to smaller properties in smaller markets. Read full story Read more

Is CMBS Underwriting Getting Loose?

According to the ratings agencies, the gap between their estimated cap rates on conduit loans and those being underwritten by the market is growing. Read full story Read more

Asking-Rent Growth Rises, Effective-Rent Growth Falls in Q4 2017

Effective-rent growth has dropped by 250 bps since market peak in 2015. Read full story Read more

Banking overhaul bill adds measure to loosen CRE lending

The Senate added new provisions to a bill that would roll back some aspects of the Dodd-Frank Act, including a measure that would limit regulators' ability to control banks' commercial real estate lending. Another measure would let the Federal Reserve exert stricter control over foreign banks with substantial US operations. Read full story Read more

Apartment landlords offer concessions for newly built projects

Concessions by apartment landlords, especially at newly constructed properties, continue to grow, with such things as free rent for a month or two, amenity upgrades or free televisions offered at 19.9% of existing apartments at the end of 2017, up from 4% in 2015, according to RealPage. Concessions are most common in cities such as Las Vegas, San Antonio, New York, Virginia Beach and Houston, where new supply is plentiful. Read full story Read more

REITs reorient strategies as economic environment shifts

REITs are adjusting their acquisition and disposition plans in response to continued volatility in the market and the expectation of a rising interest-rate environment. In many cases, they are using the proceeds from sales to buy back stock, as "it is just a much better risk-adjusted yield to buy back stock than in buying assets or development," says Mizuho REITs analyst Haendel St. Juste. Read full story Read more

Suburbs Heat Up as Downtown Rents Cool

As rents in the urban core flatten, those in markets beyond are taking off. Read full story Read more

A Close-Up Look at the ‘Apartment of the Future’

KTGY/NMHC concept project takes a needs-driven look at how communities will live 10 years from now. Read full story Read more

Insurance Premiums Don’t Have to Break Your Property Budget

Here’s how to negotiate with insurance companies. Read full story Read more

Property Pricing Declines for 8th Consecutive Month in Ten-X CRE ‘Nowcast’

Apartment pricing growth reaches its weakest level this cycle. Read full story Read more

Investor Sentiment Indicates More Pros Think CRE Cycle Is in Expansion Phase

The percentage of NREI readers who believe the current real estate cycle is in expansion/recovery phase has jumped to 41 percent this January, from 26 percent during our last reading in November. Read full story Read more

What the 2017 Transaction Landscape Suggests for 2018

Rising interest rates, fewer value-add opportunities, and major institutional capital will surely have an impact. Read full story Read more

Top 10 Cities With the Largest Rent Increases

Numbers are based on rents and incomes. Read full story Read more

The Top 10 Metros for Multifamily Permits

Which metro areas issued the most multifamily permits over the past year? Read full story Read more

Apartment demand expected to be robust for years

Overall demand for apartments will likely keep the national vacancy rate at a sustainable level for several years, according to a report by the National Multifamily Housing Council and the National Apartment Association. In some markets -- such as Las Vegas; Raleigh, N.C.; and Miami, Fort Lauderdale, and Orlando, Fla. -- there will be a supply shortfall, says Greg Willett, chief economist with real estate data firm RealPage. Read full story Read more

Multifamily groundbreakings dropped 17.1% in July

US housing starts fell 4.8% in July, a slump driven by groundbreakings for multifamily properties that dropped 17.1%; single-family house construction starts decreased 0.5%. Building permits dropped by 4.1%, to 1.22 million. Read full story Read more

How Can We Meet Future Apartment Demand?

Four strategies for building the 4.6 million apartments the U.S. needs by 2030. Read full story Read more

CMBS Delinquencies Remain Muted

The CMBS delinquency rate for U.S. commercial real estate loans rose 28 basis points in June to reach 5.75 percent, according to research firm Trepp. Read full story Read more

Investors Become More Uncertain About Current Market Cycle Phase

In May, the percentage of survey respondents who said they were “not sure” where we are in the cycle rose to 10 percent. Read full story   Read more

2017–2018 Forecast: Class B and C Apartments Will Rule

Move over Class A, your less-expensive counterparts are poised to be the darlings of investors for the remainder of the year and well into next. Read full story Read more

Apartment Market Wavers in Q1 but Retains Long-Term Strength

The multifamily market has experienced a 4.1% increase in overall rent over the past year. Read full story Read more

Another Rate Hike Causes Little Concern in CRE Circles

The move is unlikely to change conditions in the commercial real estate sector, according to industry insiders. Read full story Read more

Student Housing Sales Outperform the Rest of the Market

Not counting portfolio deals, investors bought and sold $1.1 billion in student housing properties in the first quarter of 2016, according to real estate services firm CBRE. Read full story Read more

Investors no longer confident of 3 US rate hikes in 2017

Investors are starting to doubt whether the Federal Reserve will increase interest rates three times this year because data show US inflation is surprisingly weak. The shift in attitude is injecting life into the bond market. Read full story Read more

Yardi: Rents Rise by 1.5% Nationwide in May

Prices increase for third-straight month, but rate of growth drops to 2011 lows. Read full story Read more

Data show US labor market tightening

Job openings in the US continue to rise even as hiring slows down, according to Labor Department data for April. Economists say that may point to a dearth of skilled workers and suggest the market may be reaching full employment. Read full story Read more
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