Eight Must Reads for the CRE Industry Today (Feb. 10, 2021) Commercial and multifamily mortgage originations fell by 18 percent in the fourth quarter year-over-year, reports the Mortgage Bankers Association. Commercial Observer looks at issues related to leasing marijuana retail facilities. These are among today’s must reads from around the commercial real estate industry.
Commercial Multifamily Borrowing Falls 18 Percent in the Fourth Quarter of 2020“Commercial and multifamily mortgage loan originations were 18 percent lower in the fourth quarter of 2020 compared to a year ago, and increased 76 percent from the third quarter of 2020, according to the Mortgage Bankers Association s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. A preliminary MBA measure of commercial and multifamily mortgage originations volumes shows borrowing and lending in 2020 was 30 percent lower than in 2019, with all major property types and most capital sources - o
1/26/2021 08:00:00 AM
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 88.6 percent of apartment households made a full or partial rent payment by January 20 in its survey of 11.6 million units of professionally managed apartment units across the country.
This is a 2.5 percentage point, or 294,224 household decrease from the share who paid rent through January 20, 2020 and compares to 89.8 percent that had paid by December 20, 2020. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
“While there is light at the end of the tunnel with the rollout of vaccines, the country and the multifamily industry continue to face steep challenges,” said Doug Bibby, NMHC President,. “The recently passed COVID relief package included $25 billion in desperately needed rental assistance as well as expanded unemployment insurance. Now, it is critical that those funds
Apartment investments are still an attractive bet, but income pressures are mounting on some properties.
Renters have racked up a stunning $70 billion in unpaid rent since the start of the economic crisis cause by the coronavirus, according to an analysis of Census data by Moody’s Analytics. And that pain is not evenly spread. Top tier properties tend to have tenants who have been less affected by the pandemic and who have been able to continue to pay regularly. Meanwhile class-B and class-C apartments, where residents have been more likely to have hours cut or lost their jobs entirely, have increasingly struggling to collect rents, especially as the federal government was slow to extend further aid after initial rounds of legislation helped keep many Americans afloat throughout the first half of 2020.
10 Must Reads for the CRE Industry Today (Jan. 9, 2021) NMHC’s first rent payment tracker numbers for 2021 show that 76.6 percent of renters had paid full or partial rent by January 6. Before Trump supporters turned violent at the Capitol they had been providing a boost to local hotel occupancies, reports Bisnow. These are among today’s must reads from around the commercial real estate industry.
NMHC Rent Payment Tracker Finds 76.6 Percent of Apartment Households Paid Rent as of January 6 “The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of professionally managed apartment units across the country.” (
1/08/2021 11:02:00 AM
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of professionally managed apartment units across the country.
This is a 1.7 percentage point, or 192,613 household decrease from the share who paid rent through January 6, 2020 and compares to 75.4 percent that had paid by December 6, 2020. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
“While there is light at the end of the tunnel with the rollout of vaccines, the country and the multifamily industry continue to face steep challenges,” said Doug Bibby, NMHC President, “The recently passed COVID relief package included $25 billion in desperately needed rental assistance as well as expanded unemployment insurance. Now, it is critical that those fun