Multi-Family Sector Thriving; Affordability a Major Concern

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Posted To: MND NewsWire

Multi-family housing, in the words of a Freddie Mac executive vice president, is on a roll . David Brickman says his company is on track to purchase approximately $55 billion in multifamily loans this year and to securitize over $50 billion of them. Both would be new records. Further, he says the industry and Freddie Mac can grow, barring any surprises, by another 5 to 10 percent in 2017. This, he says, is not a market being driven by leverage and speculation but by sound economic fundamentals and that those fundamentals, including values and rents, appear likely to continue growing, albeit at a more moderate pace. He sees continued demand due to the growth of renter households in each of the generation groups although they different on a range of economic and demographic factors. Millennials…(read more)

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