Year-end 2019 estimates for small multifamily lending volume reached $59.2 billion, beating the prior quarter’s forecast by $1.4 billion and marking the highest level of activity in Chandan Economic’s post-crisis model estimates. Download the Q4 report for key insights on the small multifamily market.
The U.S. multifamily market posted strong results to end 2019, with the fourth quarter seeing 3.7% year-over-year rent growth.
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The JCHS 2020 report underscores the national affordable housing crisis. It points to growing numbers of renters with high incomes as well as those who are cost-burdened.
Small multifamily promotes greater accessibility to housing for workforce households than large multifamily. About 62% of all small multifamily households made less than $50,000 annually.
Lending Volumes Rise Amid Firming 2020 Outlook Year-end 2019 estimates of new multifamily lending volume on loans with original balances between $1 million and $7.5 million jumped to $59.2 billion, the highest level of activity in Chandan Economics’ post-crisis tracking. A lack of affordable housing supply, attractive borrowing rates and the pace at which rates have fallen have all propelled small multifamily lending volumes higher. Download the full report for key insights on the sector, including: Lending Volume Cap Rates & Spreads Interest Rates Leverage & Debt Yields
Over the course of the decade, the multifamily real estate market emerged as a premier asset class. Demand was driven not only by the shifting demographics, but also housing affordability issues surrounding escalating prices, limited supply and stagnant wage growth. See our breakdown of the decade’s top-performing multifamily markets.
The natural apartment filtering process of new supply declining in quality and value as it ages has provided low-income renters with access to more affordable housing options. The Great Recession, however, caused a break in the filtering pattern, leaving a shortage of workforce housing supply during this recovery.
From in-depth reports to impactful articles, Arbor is your source for exclusive content about key trends impacting investment within commercial real estate markets, including multifamily, single-family rentals, and affordable housing.
Remember the days where finding and closing on a real estate deal averaged months? We’re pleased those days are long gone. Technology supplies small and large multifamily investors with the tools to speed up the acquisition, management, and disposition processes.
Though the rent gap between small and larger properties is shrinking for studio and one-bedroom units, new Census data shows that there are still substantial savings for larger units in smaller properties.
The multifamily market has arguably been the highest performing asset class of any over the last few years. Apartment rents have climbed 5% to 10% in some markets. Cap rates are at their lowest as investors have poured billions into owning these properties.
Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q4 2016.
The most recent update from the Census Bureau indicates that the small multifamily rental market experienced a steeper year-over-year increase in rents compared to both larger properties and historical trends.
Did you miss Arbor on SiriusXM earlier this month? You can now stream the episode at your leisure.
How inflation impacts commercial real estate; marketing across generations; apartment starts and permits move in opposite directions; and more in this week’s multifamily news roundup.
Though income improvement has recently surpassed rent growth, new research finds that small properties (5 to 49 units) continue to provide a relatively more affordable option compared to large apartment buildings.
How to profit from solar; the seventh inning market cycle stretches on; healthy buildings mean happy tenants; student housing demand ramps up; and more, in this edition of the ALEX Chatter weekly multifamily roundup.