New from MPF Research: Multifamily Lending, Metro Permit Leaders and Houston Hiring
MPF Research provides actionable market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
Multifamily lending brief: 1Q 2017
MPF Research regularly provides quick-reference reports on the multifamily lending environment, including details on loan volumes and lender market share.
In 1st quarter 2017, multifamily loan volumes grew 11% year-over-year. That figure is down from 2015’s year-end peak of 16%. Meanwhile, JP Morgan Chase led the market share for total multifamily lending in 1st quarter 2017, capturing nearly 18% of the market.
View the complete lending brief for industry insight on loan balances, delinquency rates and activity from Fannie Mae and Freddie Mac.
Shakeup of metro permit leaders doesn’t hurt national numbers in April
Despite a reshuffling of monthly metro-level permitting leaders, the latest numbers reveal national authorization volumes were essentially unchanged in April 2017.
During that month, total U.S. multifamily authorizations slipped 3.4% from March 2017 and rose 1.6% from a year prior, according to preliminary data from the U.S. Census Bureau.
Meanwhile, New York, Los Angeles and Miami led the top 10 markets for permitting activity. The contenders, half of which were on the chopping block, also saw Dallas/Fort Worth drop six slots.
Hiring ramps up in Houston in April
As oil prices declined in mid-2014, hiring activity in Houston experienced a similar slump. However, the employment outlook has started to shift, with the market registering notable growth despite lackluster oil prices.
In a new report, MPF Research explores the energy-dependent metro’s increasingly diverse employment landscape, for a better understanding of recent hiring behaviors.
For the latest multifamily market insights, visit MPF Research.