Multifamily

Multifamily Construction Sentiment Improves in Third Quarter, Despite Headwinds

Filed in Economics, Multifamily by on November 18, 2021 0 Comments
Multifamily Construction Sentiment Improves in Third Quarter, Despite Headwinds

Confidence in the market for new multifamily housing improved in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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Supply-Side Disruptions Push Single-Family Production Down in October

Filed in Economics, Material Costs, Multifamily by on November 17, 2021 3 Comments
Supply-Side Disruptions Push Single-Family Production Down in October

Single-family housing production lagged in October due to supply-chain effects for materials and ongoing access issues for labor and lots. Overall housing starts decreased 0.7% to a seasonally adjusted annual rate of 1.52 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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2 Innovative Water Efficiency Strategies for Multifamily Properties

Filed in Multifamily, Sustainability and Green Building by on November 3, 2021 0 Comments
2 Innovative Water Efficiency Strategies for Multifamily Properties

As water costs continue to rise across the country, and some areas face droughts, aridification and water supply constraints, property owners — particularly owners of affordable housing — can benefit from additional water efficiency strategies. 

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Which Housing Markets Are Growing the Fastest?

Filed in Economics, Multifamily by on October 21, 2021 0 Comments
Which Housing Markets Are Growing the Fastest?

Home building has staged a slow, modest recovery over the last decade, following the Great Recession, with an accelerated uptick last year during the COVID-19 pandemic. Increased building activity can been seen in both the single-family and multifamily sectors, based on data for permits from the U.S. Census Bureau.

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FHFA lncreases Fannie Mae, Freddie Mac Multifamily Loan Purchase Caps for 2022

Filed in Multifamily by on October 13, 2021 0 Comments
FHFA lncreases Fannie Mae, Freddie Mac Multifamily Loan Purchase Caps for 2022

The Federal Housing Finance Agency (FHFA) today announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

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Affordability Headwinds Will Increase

Affordability Headwinds Will Increase

While the housing market is showing signs of stabilizing after a period of cooling, housing affordability will decrease in the quarters ahead. Home prices are up more than 30%, on average nationwide since the start of 2020. And interest rates will rise as the Federal Reserve tightens monetary policy.

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Treasury Will Review Reallocating Portions of Unused ERAP Funds on Sept. 30

Filed in Multifamily by on September 28, 2021 0 Comments
Treasury Will Review Reallocating Portions of Unused ERAP Funds on Sept. 30

On Sept. 30, the Treasury Department will be required by law to consider reallocating unused funds from the Emergency Rental Assistance Program (ERAP) that was passed by Congress in December 2020 to help renters and landlords who were affected by the COVID-19 pandemic.

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FHFA Extends COVID-19 Multifamily Forbearance Indefinitely

Filed in Disaster Response, Housing Finance, Multifamily by on September 24, 2021 1 Comment
FHFA Extends COVID-19 Multifamily Forbearance Indefinitely

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic.

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August Housing Starts Lifted by Multifamily Development

Filed in Economics, Multifamily by on September 21, 2021 2 Comments
August Housing Starts Lifted by Multifamily Development

Strong multifamily production helped push overall housing starts up in August as single-family starts edged lower due to ongoing supply chain issues and labor challenges.

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Exterior Elements Add Interest, Continuity to Luxury High-Rise Development

Filed in Awards, Multifamily by on September 7, 2021 0 Comments
Exterior Elements Add Interest, Continuity to Luxury High-Rise Development

The Bozzuto Group and Harbor East Management Group partnered with Hickok Cole to design a new exclusive waterfront property in Baltimore. The result is Liberty Harbor East — the Best High-Rise Apartment Community for the 2020 Multifamily Pillars for the Industry Awards.

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