This week’s multifamily roundup takes a look at 2019 mortgage maturity volumes, small balance investment trends and interest rates’ impact on the apartment sector. First, MBA reports that loan maturities this year will rise 8% from last year’s total of $102.2 billion, which is a “relatively stable” volume. Next, MultifamilyBiz analyzes the top U.S. markets for new multifamily construction by dollar amount, finding that activity levels varied among the metros. Arbor’s Chatter blog offers its year-end 2018 report on the small balance multifamily market, noting that total lending volume was up 3.7% from the previous year. Then, Trepp observes that even if interest rates rise, the impact won’t be significant on the apartment industry, which has led all other sectors in price increases. Finally, Multifamily Executive reveals that Las Vegas, Phoenix and Atlanta had the strongest rent growth year-over-year, according to the latest monthly report from Yardi Matrix.

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2019 Commercial and Multifamily Mortgage Maturity Volumes to Increase 8 Percent

MBA – February 12

“The Mortgage Bankers Association said $110.5 billion (6 percent) of the $1.9 trillion in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2019.”

 Multifamily Construction Starts Showed Mixed Performance Across Top Metropolitan Areas in 2018

MultifamilyBiz – February 14

“Of the top ten markets, ranked by the dollar amount of construction starts, four reported greater activity in 2018 while six showed declines.”

Year-End 2018 Small Balance Multifamily Investment Trends Report

Arbor Chatter – February 7

“Despite significant pressure from rising interest rates through most of 2018, the small balance multifamily market ended the year strong, with consistent liquidity and borrowing capacity.”

Interest Rates Won’t Slow Down the Multifamily Market in 2019

Trepp – February 8

“If you look at transaction volumes and mortgage originations, multifamily continues to lead all commercial property types. At the end of the third quarter, multifamily prices were up 9% from a year earlier.”

National Rent Remains Flat, YOY Growth Rises to 3.3%

Multifamily Executive – February 12

“Las Vegas remains the strongest major market for rent growth on a YOY basis, at 7.9%, followed by Phoenix, at 6.5%, and Atlanta, at 5.9%. Each is at or approaching its cycle high for rent growth.”