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March 2, 2016
Caution Mounts for Construction Loans
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With a lot of liquidity in the market today, developers are still finding financing for new apartment construction projects. But some industry experts worry that a pullback in construction lending could be coming.   

According to a recent article in NREI, new warnings from bank regulators concerning construction lending coupled with new regulations limiting balance-sheet risk for commercial banks are fueling multifamily market concerns.

Moreover, the level of new construction activity, along with the rising construction and labor costs, is giving some banks cause for pause. "It is clearly a challenge in certain markets to get banks comfortable with costs,” said Dave Borsos, NMHC’s vice president of capital markets.

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EMERGING LEADERS

TCR's Ken Valach Headlines Speaker Series Event at Harlan Crow's Library

A sellout crowd of NMHC Emerging Leaders were treated to a fireside chat with Ken Valach, CEO of Trammell Crow Residential, at the famed library of Harlan and Kathy Crow in Dallas. Guests enjoyed Crow’s collection of 8,000 rare books, manuscripts, paintings and photographs documenting American history. 

MARKETS

Industry Faces Slower Lease-Up of New Construction in 2016

Much of the apartment market’s gains in 2015 slowed in the back half of the year, suggesting rent growth will moderate in the year ahead, according to CoStar calculations. 

MEETINGS

Submit Programming Ideas for Upcoming NMHC Events

NMHC invites members and non-members to help shape the content of our meetings by submitting session ideas, full session proposals, or volunteering as a speaker. 

STRATEGY

NMHC Leaders Discuss Diversity and Organizational Success

As part of NMHC’s long-term commitment to promoting diversity in the multifamily housing industry, we recently produced a video featuring industry leaders discussing the importance of diversity to innovation and organizational success.

OPTECH

Can Airbnb and Multifamily Firms Work Together?

Negotiations on a formalized operating framework between the apartment industry and Airbnb hinge on manageability, screening and the slow pace of multifamily innovation. "How these new disruptive innovations ultimately play out is still to be determined," said Rick Haughey, NMHC’s vice president of industry technology initiatives.
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
 
Economic Investors Exit LIHTC

Rising Rent Inches Closer to a Top Reason to Buy a Home

How Big Is Small Cap Multifamily?

Why Millennials Want Shorter-Term Leases

Startups Crash Real-Estate Brokerage Market

Top 50 Communities for Online Reputation

Construction Costs Ease Off a Bit in January

The Top 10 Best and Worst Single-Family Rental Markets

The Real Source of America's Urban Revival

Five Tips for Selecting the Right EB-5 Partner

Lead Crisis Sends Flint Real Estate Market Tumbling

Multifamily Market Dashboard

New Construction, Preservation Activity Key to Affordable Rental Housing

In response to the growing concern around the availability of affordable rental housing, the Mortgage Bankers Association (MBA) published a special report to help policymakers understand the nature and scope of the affordable rental housing market and explore ways to effectively address the market’s underlying supply-demand gap.

The report stresses that government policies need to support both construction and rehabilitation/preservation efforts, arguing that “increasing the supply of new or rehabilitated housing stock is the best long term economic mechanism for promoting affordability.” Point in case is this graph, which shows how much of the affordable rental housing today was the newly-constructed rental housing in the 1970s and 1980s. 


Upcoming Meetings

2016 NMHC Research Forum

April 6-7, 2016 The Omni Hotel Chicago, IL

2016 NMHC Spring Board of Directors Meeting    

May 18-20, 2016 Four Seasons Hotel Chicago, IL

About Apartment Wire
A must-read for top apartment industry professionals, Apartment Wire is a timely review of emerging trends in apartment finance, development, management and technology and more, featuring both exclusive content from NMHC's staff of experts and provocative articles from across the web.
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