National
SPECIAL REPORT: NYHC/NHC Conference Speakers Warn of ‘Mounting Fears’ for Affordable Housing
Speakers at the New York Housing Conference and National Housing Conference’s 39th Annual Awards program warned that the outcome of Capitol Hill fiscal negotiations may not be favorable to the industry’s production, preservation and investment programs.
Improving Consumer Attitudes Suggest Continued Strength in Housing Market
Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy.
Economy Watch: Retail Gains Jobs, Construction Loses Them
In reporting a net gain of 146,000 jobs in November, the Bureau of Labor Statistics also noted that some industries hired quite a bit, while others saw job losses.
TODAY’S DEALS: O’Connor Capital Partners Lands $62.3M Construction Loan
O’Connor Capital Partners lands a $62.3 million construction loan; Candlebrook and Angelo, Gordon & Co. acquire an asset near Philadelphia; and Arbor funds seven FHA deals across the nation.
Economy Watch: November Employment Gains Roughly Average
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 146,000 jobs in November. Since the beginning of this year, employment growth has averaged 151,000 per month, about the same as the average monthly job gain in 2011, which was 153,000.
TODAY’S DEALS: Waterton Associates Initiates Value-Add Play in Florida
Waterton Associates buys a 402-unit asset; Morgan Properties completes a historic acquisition; and AvalonBay prices a $250 million unsecured offering.
Commercial/Multifamily Mortgage Delinquency Rates Down in Third Quarter
Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
Number of Improving Housing Markets Surges to 201 in December
The number of housing markets considered “improving” according to parameters established by the National Association of Home Builders/First American Improving Markets Index surged by 76 to a total of 201 metros in December.
Economy Watch: ADP Says Sandy Put Dint in Hiring
Automatic Data Processing, which prepares hiring numbers in cooperation with Moody’s Analytics every month, said that the U.S. private sector created 118,000 jobs in November, a drop from the 157,000 the company reported in October.
TODAY’S DEALS: Manhattan High-Rise Lands $130M Refi
HFF arranges $130 million for a high-rise in New York; AIMCO breaks ground on a $32.6 million renovation in California; and Berkadia identifies the best lending source for a Texas community.