Multifamily

Built-for-rent multifamily starts jump 18% in Q4 2025

Built-for-rent multifamily construction surged at the end of 2025, extending the cycle’s heavy tilt toward rentals and keeping average apartment sizes below pre-Great Recession levels, according to a National Association of Home Builders (NAHB) analysis of Census Bureau data. NAHB Chief Economist Robert Dietz reported that 96,000 multifamily units started construction in the fourth quarter […]

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Housing bill passes Senate, but window of opportunity narrows

Key insight: The Senate passed housing legislation by a wide bipartisan margin, but the House is less likely to do so.  What’s at stake: The Mortgage Bankers Association has complained that a “drafting error” in a section of the bill prohibiting investment companies from buying single-family homes would reduce the construction of multifamily housing.  Forward

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What lenders should consider when evaluating small landlords

The growing number of small property owners presents unique opportunities and challenges for lenders. Small landlords serve as a crucial segment of the real estate market, often managing fewer properties and relying on personalized strategies to operate efficiently. However, their smaller scale of operations can sometimes complicate loan evaluations. When evaluating small property owners, lenders

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Multifamily developer moods sink amid high costs, flat rent growth

Multifamily developers share less confidence in the state of their market sector than they did a year ago, a National Association of Home Builders’ (NAHB) Multifamily Market Survey found. High construction costs, elevated project borrowing and debt expense, stagnant rental growth and shaky consumer confidence are each culprits.  The survey has two indices, one for

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Urban multifamily looks like the new subprime

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now During 2025, the normal caution that usually accompanies matters of finance was suspended. Many stocks and asset classes from AI to crypto tokens achieved lofty heights based upon less than realistic appraisals much

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Freddie Mac multifamily production volume passes $77 million

Freddie Mac increased its investment in multifamily housing by 17% last year. Processing Content The government-sponsored entity announced Thursday its multifamily production volume hit $77.6 billion in 2025, up from $66 billion in 2024 and $49 billion in 2023. Freddie supported more than 577,000 affordable rental units across the country last year. “Our focus in

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TD Bank expresses cautious optimism for affordable housing in 2026

Affordable housing developers are entering 2026 with mixed expectations, balancing optimism about long-term demand with immediate concerns over costs and policy shifts. A new TD Bank survey shows that half of affordable housing professionals believe market challenges will affect their deal pipelines next year. They cite high construction costs and tariff-driven price increases as the

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PadSplit expands co-living services to 4 new cities

Co-living marketplace PadSplit is expanding into four new U.S. markets: Portland, Oregon; Seattle, Sacramento and Nashville. Founded in 2017, PadSplit operates in more than 35 markets and has listed more than 28,000 rooms, housing 65,000-plus people. The company said it focuses on access and flexibility, with no minimum credit score or long-term lease required, allowing

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Glut of new supply drags down BTR and multifamily rental rates in the Sun Belt

Rents for both multifamily and single-family built-to-rent units moved sideways over the last year. Still, rents in most major Sun Belt markets are down annually due to a glut of new housing, according to the latest Yardi Matrix National Multifamily Report.  Meanwhile, rental growth is typically the strongest in the Midwest, Northeast, and California. This

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Vacancies fuel a rise in commercial loan delinquencies

Commercial and multifamily delinquency rates increased in each of the first two quarters this year, but delivered a mixed bag in the third quarter. Greater vacancies have consistently caused delinquency rates on commercial mortgage-backed securities and multifamily loans from the government sponsored enterprises to increase since the pandemic, while other companies have benefitted from stabilizing

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