January 2015

Housing starts rose by 18 percent over the month of September 2014 to 353,000 units, according to the National Association of Home Builders.

 

Click here for more multifamily market statistics from the January 2015 issue of MHN.

Housing starts rose by 18 percent over the month of September 2014 to 353,000 units, according to the National Association of Home Builders (NAHB). NAHB reports that in September 2014, the three-month moving average of housings starts of buildings with five or more units reached a post-recession high of 360,000 units, a 6 percent increase over the 341,000 that was recorded in August 2014 and 2 percent over the last high of 351,000 that was recorded in July 2014.

Apartment total returns increased by 2.53 percent in the third quarter, compared to 2.41 percent in the quarter before, and 2.21 in the first quarter, according to National Council of Real Estate Investment Fiduciaries.

Multifamily mortgage debt outstanding increased by about $1 billion for GSEs in the second quarter compared to the first quarter. It increased by about 200 million for CMBS and $700 million for life insurance companies, according to the Mortgage Bankers Association.