Skip to main content

Freddie Mac Predicts Multifamily Origination Record for 2017

Phil Hall
Jul 31, 2017
Multifamily origination volume could hit a new record this year, reaching between $270 and $280 billion

Multifamily origination volume could hit a new record this year, reaching between $270 and $280 billion, according to a forecast from Freddie Mac that cited a robust marketplace during the past six months.
 
"In the first half of 2017 multifamily performance, by most measures, remained near the historical average in the majority of markets across the country," said Steve Guggenmos, Freddie Mac Multifamily Vice President of Research and Modeling.
 
Freddie Mac also forecast a peak in the number of construction projects in 2017 or early 2018, which could drive vacancy rates higher. As a result, the absorption of new units in some areas will take longer than in prior years, thus creating downward pressure on rent growth. Freddie Mac added that this year should end with nearly two-thirds of major metro areas experiencing vacancy rates below their historical averages.
 
“All things considered, 2017 will be yet another good year for the multifamily market,” said Guggenmos. “And importantly, it will not be the market's last strong year. Strong demand, fueled by demographic changes and lifestyle preferences, will ensure the multifamily market's continued strength in the years ahead.”

 
Published
Jul 31, 2017
Evergrande Steadily Repays Debt While Taking On New Risk

Evergrande Chairman Hui Ka Yan has ambitious plans, signaling last Friday that the firm wants to move away from housing and focus on making electric cars. 

Industry News
Oct 26, 2021
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021
CFPB, DOJ And OCC Hit Trustmark National Bank For 'Deliberate' Redlining

The Consumer Financial Protection Bureau and U.S. Department of Justice, in conjunction with the Office of the Comptroller of the Currency are taking action against Trustmark National Bank for alleged redlining violations.

Industry News
Oct 25, 2021
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021