REIS: Apartment Vacancy Rate Hits 4.8% in Q3

The apartment vacancy rate increased in the third quarter to 4.8%, from 4.7% last quarter, and 4.4% in the third quarter of 2017. The vacancy rate has now increased 70 basis points, from a low of 4.1% in Q3 2016, according to a survey from Reis. The national average asking rent increased 1.2% in the… Read more...

Freddie-Enterprise Close First Low-Income Housing Tax Credit Fund in almost a Decade

Freddie Mac has closed its first Low-Income Housing Tax Credit Fund with Enterprise Community Investment Inc. and completed its first equity investment within that fund. The closing marks Freddie’s re-entry into LIHTCF market after an almost ten-year absence; the fund is the mechanism that finances most of the country’s affordable rental housing. [caption id="attachment_6557" align="alignleft"… Read more...

May Construction Starts Climb 15 Percent

[caption id="attachment_5116" align="alignleft" width="150"] Dodge Data's Robert Murray: Thinks the loosening of Dodd-Frank regulatory constraints on mid-size regional banks could lead to more construction projects being funded.[/caption] At a seasonally adjusted annual rate of $783.6 billion, new construction starts in May advanced 15 percent compared with April. The increase follows a 12-percent decline in April… Read more...