Regions
Economy Watch: U.S. Gains 175k Jobs in May
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 175,000 jobs in May, compared with a rise of 149,000 in April, which was a surprise on the upside.
CIS Selected to Help Develop Post-Disaster Response Best Practices
Enterprise Community Partners has selected multifamily specialist Community Investment Strategies Inc. as the latest participant in its Hurricane Sandy Recovery and Rebuilding Program.
TODAY’S DEALS: ARA Closes Two JV Equity Raises and Three Acquisition Financings
ARA closes a series loans in Texas; Carroll Companies completes a disposition in South Carolina with help from HFF: and NorthMarq Capital arranges $15.51 million in mortgages for two properties.
APARTMENT MARKET STATISTICS: June 2013
Bank lending increased across the board for multifamily properties and income-producing commercial real estate, according to Chandan Economics. Overall, the recent permit numbers have been strong enough to support a five-plus starts rate in range of 285,000 over the next couple of months, stated the National Association of Home Builders.
Kent Mehring Joins WNC as Vice President, Asset Management
WNC, a national investor in real estate and community development initiatives, announced that Kent Mehring has joined the firm as vice president, asset management.
APARTMENT MARKET STATISTICS: May 2013
The prices of multifamily housing shot up to an average of $115,954 per unit in the fourth quarter, according to CoStar/PPR. Marcus and Millichap’s statistics for the nation’s top apartment markets show average rent increase of 3.0 percent in the fourth quarter.
Walker & Dunlop Honored with Top Awards by Fannie Mae
Walker & Dunlop, Inc. announced that it received two top awards at the 2013 Fannie Mae DUS® Meeting in Washington, D.C., for deals closed in 2012.
Fannie Mae Releases New Research Study: Renters Are Satisfied, but Continuing to Reach for Homeownership
Fannie Mae’s Economic & Strategic Research Group released a new research study that investigates the impact of consumer attitudes toward renting and homeownership on the future of housing in America.
Carlisle Development Group Opens Miami Apartment Building For Youth Aging Out of Foster Care
The Anchorage Apartments, located in the Liberty City neighborhood of Miami-Dade County, is a public-private partnership between Carlisle Development Group and Miami-Dade County Public Housing & Community Development to provide new affordable housing for youth transitioning out of the foster care system.
MARKET SNAPSHOT: Vacancy Continues to Fall Despite Stagnant Employment Growth in D.C.
Even as government spending cuts and other factors continue to limit job growth across the nation’s capital, multifamily occupancy has remained tight.