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Intel

Multifamily Lending Expected to Fall Short of 2021’s Record Volumes

Amid higher interest rates and economic uncertainty, the Mortgage Bankers Association (MBA) has issued an updated forecast that anticipates total commercial and multifamily mortgage borrowing and lending to hold steady this year at a projected $895 billion, roughly in line with 2021’s $891 billion. “The economic and interest rate outlook

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Intel

New Building Codes Spur Creativity Among Multifamily Developers

Since its founding in 2003, construction and development services firm CNY Group has delivered more than 2.2 million square feet of completed construction across 754 projects, including 122 historical projects, 17,400 residential units and 14,600 hotel rooms. Notable projects in New York include the conversion of the historic Woolworth Building’s top 30

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Intel

U.S. Faces Shortage of 7 Million Affordable and Available Rental Homes

The nation has a shortage of 7 million rental homes that are affordable and available to extremely low-income renters whose household incomes are at or below the poverty guideline or 30% of their area median income, reports the National Low Income Housing Coalition (NLIHC). Among states, the supply of affordable

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Intel

Arizona Boasts 8 of the 10 Most Recovered Cities from Pandemic

The economy gained 431,000 jobs in March, and the national unemployment rate is now 3.6%, which is 76% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released its report on the Cities Whose Unemployment Rates Are Bouncing

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Intel

These Arizona Cities Have Become Magnets for New Renters

In a recent StorageCafe study, cities across the U.S. were ranked by how much they had attracted new renters in 2021, as a proportion of their populations. Arizona made a strong showing, with Tempe in the top 10 and Scottsdale in the top 20. For every renter who chose to leave

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