Multifamily Sector Slowing But Still Strong in 2017

Posted To: MND NewsWire

Freddie Mae is projecting that 2017 will be another good year for multi-family housing. The company, a major presence in financing multifamily housing, released its Multifamily Mid-Year Outlook on Wednesday. The Outlook, authored by Steve Guggenmos, Freddie Mac Multifamily vice president of research and Modeling, and Sara Hoffmann, predicts that the market will continue to grow for the remainder of this year and into the next. "Although the market will continue to moderate from cyclical highs," they say, "demand for rental housing units will remain steady. As a result, Freddie Mac is predicting that origination volume is likely to hit another record in 2017, reaching between $270 and $280 billion." That number, while a new high, is lower than the original forecast. Higher interest rates and...(read more)

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