In "Housing Supply: A Growing Deficit" from #FreddieMac:

"The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes. That decline has been exacerbated by an even larger decrease in the supply of entry-level single-family homes, or starter homes. Between 1976 and 1979, the construction of new entry-level single-family homes averaged 418,000 units per year or 34% of all new homes completed (Exhibit 2 and 3). During the 1980s, mortgage rates increased dramatically, rising from an average of 8.9% during the 1970s to 12.7%. The rise in mortgage rates led to a decline in housing demand and supply as housing became less affordable. As a result, entry-level housing supply fell by over 100,000 units to 314,000 units per year during the 1980s. While the overall number of new single-family homes fell, the entry-level share of all new homes constructed remained at 33%, similar to the late 1970s, indicating that entry-level supply dropped by a similar number as the overall new construction market."

https://www.freddiemac.com/research/insight/20210507-housing-supply

#housing #mortgage #construction #economics

“FHFA also added new provisions to its mission-driven lending initiative designed to increase investment in affordable and workforce housing, two sectors with significant growth potential in a tight housing market.”

https://arbor.com/blog/fhfa-loan-caps-for-2023-what-multifamily-borrowers-need-to-know/

#RealEstate #CRE #FHFA #FannieMae #FreddieMac #Multifamily #Arbor
@realestate@a.gup.pe @realestate@chirp.social

"Rent growth has moderated, and some data providers are now indicating rents are declining on a monthly basis. Freddie Mac expects growth for 2022 to end the year between 6-8% year over year."

https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-outlook-shows-multifamily-market-moderate-positive

#RealEstate #Multifamily #FreddieMac
@realestate@a.gup.pe @realestate@chirp.social

"Rent growth has moderated, and some data providers are now indicating rents are declining on a monthly basis. Freddie Mac expects growth for 2022 to end the year between 6-8% year over year."

https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-outlook-shows-multifamily-market-moderate-positive

#RealEstate #Multifamily #FreddieMac
@realestate@a.gup.pe @realestate@chirp.social

“Multifamily transaction activity has slowed so much in recent months that the government-sponsored enterprises Fannie Mae and Freddie Mac—possibly for the first time ever—may not lend all the capital allocated to them by the federal government.”

https://www.multihousingnews.com/gses-unlikely-to-meet-allocations/

#RealEstate #Multifamily #FHFA #FannieMae #FreddieMac #MHNonline #Yardi
@realestate

New Survey Shows Gen Z Apprehensive About the Path to Homeownership

“One in three Gen Z adults (34%) say homeownership at any point seems out of reach financially. When this survey was last fielded in 2019, 27% of Gen Z adults said homeownership is out of reach financially.”

https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-new-survey-shows-gen-z-apprehensive-about-path

#RealEstate #CRE #Single-FamilyRentals #Housing #Homeownership #FreddieMac #GenZ