Articles

Five Advantages of FHA Multifamily Construction Loans

In the last three years, multifamily construction has reached levels not seen since the 1980s, supported, in part, by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) loans. If you are exploring the acquisition, refinancing, rehabilitation, or new construction of conventional multifamily, affordable housing, seniors housing, or a healthcare facility, consider FHA multifamily construction loans, a stable financing option with excellent terms and many other attractive advantages.

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Single-Family Rental Investment Snapshot — September 2023

More than halfway through 2023, the single-family rental (SFR) sector continues to demonstrate why it deserves the attention of multifamily investors.

Articles

Where are Single-Family Rental (SFR) Rents Rising the Fastest?

While the single-family rental (SFR) sector’s rent growth averages have retreated from record highs, structural tailwinds are keeping price growth positive — both nationally and in major SFR markets. In this research brief, Chandan Economics and Arbor Realty Trust analyze DBRS Morningstar data, which covers the top 20 MSAs by SFR activity, to discover the metropolitan areas where SFR rent growth is the hottest right now.

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Fannie Mae Small Loans Cap Raised to $9 Million

Fannie Mae recently announced that its Small Loan cap has increased from $6 million to $9 million for all loans committed as of August 22, 2023. Multifamily borrowers and lenders have praised the change to the Fannie Mae Small Loans program, which will encourage greater investment in a rapidly growing sector where demand remains high despite market volatility.

Analysis

Small Multifamily Investment Snapshot — September 2023

While macroeconomic headwinds may not recede soon, tenant dependability, the core strength of small multifamily, has proven to be a powerful antidote to financial market storms.

Articles

The Top Five Emerging Metros for Retiree Relocation

As Baby Boomers reach retirement age, their evolving geographic preferences are strengthening housing markets and local economies in new locations, which feature attractive climates, relative affordability, and ample outdoor activities. With swelling populations of senior citizens, our top five emerging metropolitan areas for retiree relocation are fertile ground for multifamily real estate investment.

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Top 25 Markets for Apartment Rent Growth

February 16, 2016

While Portland took the top spot with annual rent growth of 12.0%, seven of the top 25 MSAs for apartment rent growth in 2015 were in California.

Those Golden State markets include Oakland (11.3%); Sacramento (9.3%); San Diego (7.7%); San Francisco (7.6%); San Jose (7.1%); Riverside (7.1%); and Los Angeles (6.4%). The full list of top cities for annual effective rent growth as of 4Q 2015 comes via Axiometrics.

As you can see below, there was strong representation from East Coast multifamily markets as well.

Keep in mind that these are the top 25 best performing markets in the 50 markets with the most apartment units. Only one of those 50 markets — Oklahoma City — showed negative rent growth for the year (-0.6%).

When cities like Portland, Ore., and Oakland, Calif. are posting double digit annual rent growth, it won’t surprise you that the first three quarters of the year were “the most robust period we have seen since before the Great Recession,” according to Jay Denton, senior vice president of analytics at Axiometrics.

Quarter-over-quarter rents actually shrunk -0.6% for 4Q 2015, which Axiometrics says is typical, due to seasonality.