Thursday, February 21, 2019

CRE Investor Sentiment Remains Optimistic, But We Are No Longer in the “Boom” Phase, New Survey Finds via NREI

The commercial real estate market isn’t in a boom or a bust phase, but somewhere in the middle, where words like “flattening” and “plateau” have entered the lexicon, but are mixed in with optimism as investors seek ways to deploy abundant capital. That’s some of the investor sentiment expressed via a survey administered by Real Capital Markets (RCM), a global marketplace for commercial real estate transactions) and in interviews conducted by NREI.

Read more...CRE Investor Sentiment Remains Optimistic, But We Are No Longer in the “Boom” Phase, New Survey Finds via NREI

Multifamily Sector, Energizer Bunny Share Common Trait, Says MBA’s Woodwell via Rebusiness Online

The multifamily sector is like the Energizer Bunny, says Jamie Woodwell, vice president of commercial and multifamily research for the Mortgage Bankers Association (MBA). “It just keeps going and going and going.”

The product type remains an investment darling. Although 600,000 units are currently under construction nationally — maintaining an elevated level of building activity that is the highest since the mid-1970s — consumer demand remains strong.

Read more...Multifamily Sector, Energizer Bunny Share Common Trait, Says MBA’s Woodwell via Rebusiness Online

Tuesday, February 19, 2019

ALN Monthly Market Stats February 2019 via ALN Apartment Data

ALN Data just released their January 2019 market stats on occupancy and rents for over 80 markets. In Texas, it includes DFW, Austin, Houston, San Antonio, Lubbock, Amarillo, Abilene, Corpus Christi and more. It is a must read from a great provider of apartment data.

Read more...ALN Monthly Market Stats February 2019 via ALN Apartment Data

Monday, February 18, 2019

Yardi: National Rent Remains Flat, YOY Growth Rises to 3.3% via Multifamily Executive

The national average multifamily rent remained at $1,420 in January 2019 while the year-over-year (YOY) rent-growth rate rose 10 basis points (bps), to 3.3%, according to the Matrix Monthly report by Yardi Matrix.

The annual rent-growth rate has remained above 3% for the past six months. While U.S. rents have remained flat since August, Yardi notes that this lack of growth is a normal winter seasonal pattern. Overall, Yardi notes that multifamily continues to run strong, especially compared with other real estate and nonreal estate investment sectors as the cycle continues.

Read more...Yardi: National Rent Remains Flat, YOY Growth Rises to 3.3% via Multifamily Executive

Friday, February 15, 2019

Fannie Mae Increases Multifamily Small-Loan Limits via Multifamily Executive

Fannie Mae will increase the loan limit of small mortgage loans to $6 million from $3 million or less nationwide and $5 million or less in high-cost markets, effective immediately.

The aim, says the organization, is to "ensure an adequate supply of affordable housing for working families" and provide more opportunities for borrowers to realize the benefits of streamlined third-party report, underwriting, and asset-management requirements.

Read more...Fannie Mae Increases Multifamily Small-Loan Limits via Multifamily Executive

CRE Investors Start Putting Money Behind Defensive Strategies via NREI

Investors appear to be keeping the foot on the gas in terms of acquisitions. According to research firm Real Capital Analytics (RCA), investment sales volume jumped 15 percent year-over-year in 2018 to reach $562.1 billion. But some investors are clearly retooling strategies to account for slowing growth and late-cycle risks.

Investors have been talking about shifting gears to “defensive strategies” for quite some time in the near record-breaking growth cycle. Those strategies are becoming more visible as even the optimists acknowledge the likelihood of slower growth ahead in the next 12 to 24 months.

Read more...CRE Investors Start Putting Money Behind Defensive Strategies via NREI

Tuesday, February 12, 2019

MBA Predicts Originations to Hold at $530M via Multi-Housing News Online

Mortgage origination volume this year will most likely be steady with 2018 and 2017, according to the Mortgage Bankers Association’s 2019 Economic Outlook & CREF Forecast, which was released at its conference in San Diego.

“The overall expectation is, all things being equal, we be at this plateau for the next couple of years,” said Jamie Woodwell, MBA’s vice president of commercial-multifamily research.

Read more... MBA Predicts Originations to Hold at $530M via Multi-Housing News Online

Monday, February 11, 2019

Kingsley: Renewal Intent Rises in Q4 2018 With 55.6% of Tenants Likely to Re-up via Multifamily Executive Magazine

National renter satisfaction continued its steady upward climb in the final quarter of 2018, which marked a full year of increases in the metric. Before the fourth quarter of 2017, national resident satisfaction had held steady since 2015. This past quarter, however, 77.9% of residents reported “good” or “excellent” satisfaction with their renting experience, which is up only slightly from the third quarter of 2018, when 77.8% of residents were satisfied.

Read more...Kingsley: Renewal Intent Rises in Q4 2018 With 55.6% of Tenants Likely to Re-up via Multifamily Executive Magazine

DFW home sales down 7.6 percent in 4Q 2018 via Real Estate Center

North Texas home sales fell 7.6 percent to 22,402 transactions at the end of the year, according to a fourth quarter 2018 report by the Real Estate Center.

According to the report, the median home price grew 2.4 percent over the year to $260,000.

Read more...REC: DFW home sales down 7.6 percent in 4Q 2018 via Real Estate Center

Houston Economic Indicators February 2019 via Dallas Fed

Growth in Houston leading and coincident economic indicators weakened in December. Job growth slowed, but the local labor force expanded. Heavy and civil construction posted stellar job growth last year, and the existing-home market ended the year on healthy footing despite rising mortgage rates.

Read more... Houston Economic Indicators February 2019 via dallasfed.org