Even as the economy’s momentum slowed in 2022, multifamily construction continued to ramp up, reaching highs not seen since the 1980s. As the number of new units increased rapidly last year, the multifamily sector’s share of all new residential construction also expanded to make up more than one-third of all starts.
The outlook for the single-family rental (SFR) sector continues to be upbeat even as rent growth cools nationally. Build-to-rent (BTR) communities have been expanding their footholds in neighborhoods across the U.S. These starts hit a new record high as rental demand has risen from would-be home buyers priced out of ownership by high interest rates.
Due to increased demand for Single-family rental and build-to-rent financing, your lender’s level of expertise matters even more now. Arbor, which has more than 30 years of experience serving multifamily borrowers, has a high repeat sponsor rate that is a testament to our best-in-class service.
SFR Construction Captures Record Market Share as Cap Rates Rise The outlook for the single-family rental (SFR) sector continues to be upbeat even as rent growth cools nationally. Build-to-rent (BTR) communities have been expanding their footholds in neighborhoods across the U.S. These starts hit a new record high as rental demand has risen from would-be home buyers priced out of ownership by high interest rates. Key Findings: BTR accounts for 6.3% of new single-family construction starts in the past year, a new record high. SFR rent growth on new leases slows sharply as renewal rent pressures maintain their strength. Cap rates have started to rise, jumping to 5.6%. Complete the form to instantly access the full report!
The surging U.S. multifamily market showed signs of slowing during Q4 2022. Rent growth remained high, although lower than the record-breaking increases last year.
Because single-family rental (SFR) properties tend to be located in the suburbs and away from public transportation hubs, the typical tenant drives to work. As a result, an area’s typical commuting time is a factor that is often weighed heavily by residents — impacting rental demand and pricing.
The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result.
Positive rent reporting, a new piece of Fannie Mae’s mission-driven lending agenda, is a leap forward for the U.S. rental housing market amid an ongoing affordability crisis. This initiative, recently launched in a pilot program in Chicago, has significant upside potential for not only tenants but landlords, owners, and multifamily borrowers as well.
As we enter the fall buying season, it’s useful to look at pricing in major multifamily markets through the first half of the year. Not only in the priciest markets, but also in markets that may represent higher yield opportunities.
UNIONDALE, N.Y. — Arbor Commercial Mortgage has recently funded 22 loans totaling $54,938,100 across New York, Florida and New Jersey under Arbor’s Freddie Mac Small Balance Loan program.
With $35.4 billion worth of multifamily investment sales, Q1 2016 was the strongest first quarter ever recorder for the apartment industry. Secondary markets and suburban properties represented much of that growth.
Submitting a comprehensive rent roll is one way to ensure the fastest access to multifamily financing. Here’s what a great rent roll looks like.
Elite Apartment Coaching’s Chris Urso walks us through one of his first deals, a 40-unit value-add apartment play in Cincinnati, Ohio.
In this deal tip, Elite Apartment Coaching’s Chris Urso examines the problem of taking property tax at face value when sizing a multifamily deal.
The value-add play is a tried and true method for generating a solid return on your multifamily investment. Here are 13 tips to get the best return on investment.
Sam Chandan walks us through three key considerations for deciding whether to invest in small (5 to 50 unit) or large (50+ unit) apartment assets.
Elite Apartment Coaching’s Chris Urso walks us through the basics of apartment deal analysis for financing.
Whether you end up taking an Agency or Bank loan on your next apartment deal, there is no shortage of questions to ask your lender.