Fannie Mae’s July housing forecast is predicting 441,000 multifamily starts in 2026 and 415,000 starts in 2027. The near-term outlook for single-family housing starts was revised lower. Predicted 10-year Treasury rate down slightly As they did in last mon... See more
The Census Bureau’s report on new residential construction stated that multifamily permits and completions were lower in June, but starts reversed last month’s decline. Single family permits and starts were down slightly for the month, but completions ros... See more
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.7 percent month-over-month in June on a seasonally adjusted basis. The intermediate demand index of components and materials f... See more
Yardi Matrix reported that the national average asking apartment rent rose $4 in June compared to the revised level of the month before, reaching $1,763 per month. The national average year-over-year asking apartment rent growth was +0.2 percent. Rents in... See more
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) rebounded in June after last month’s decline. However, the overall CMBS delinquency rate fell, declining 20 basis points. Overall CBMS delinquency rate d... See more
