This week’s multifamily roundup features insights on the performance of multifamily originations in 2018, multifamily projects in rural communities, and the impact of resident mix on the apartment market. First, Mortgage Bankers Association forecasts that mortgage bankers’ multifamily mortgage originations will rise 7% in 2018. Then, RealPage reports that apartment leasing activity was strong in the second and third quarters of this year, with absorption levels up from the average of 214,000 units. Arbor’s Chatter blog compares rent prices in new and old apartment buildings, noting that small apartments present a strong value across the property age spectrum. Next, Urban Land Magazine examines the lack of affordable housing options in small and rural areas, despite strong demand across demographic groups. Finally, Property Management Insider identifies eight distinct renter segments across the apartment market that can provide insights for investors.daniel-dinuzzo-676370-unsplash

2018 Commercial/Multifamily Originations Forecast to Match 2017’s Record Year

Mortgage Bankers Association – November 8

“Mortgage banker originations of just multifamily mortgages are forecast to rise by 7 percent this year to $251 billion, with total multifamily lending at $302 billion.”

U.S. Apartment Market Sees Strong 2018 Prime Leasing Season

RealPage – November 6

“Demand volumes for the 2nd and 3rd quarters of 2018 totaled roughly 238,000 units nationwide. That’s notably better than the average absorption of 214,000 units recorded for that six-month period each year during the current economic cycle.”

How Do Rents Compare by Unit Mix in New and Old Buildings?

Arbor Chatter – November 6 

“Small apartment properties present strong value at both ends of the property age spectrum, with the most recent and prewar properties outperforming market averages across unit size.”

 Small Town, Big Need: Making Multifamily Projects Work in Rural Communities

Urban Land Magazine – November 5

“While perhaps not as obvious as in urban geographies, small communities require a range of housing options, including rental projects that offer access to jobs, transit, health care, and community amenities.”

How Resident Mix Impacts the Conventional Apartment Market

Property Management Insider – November 7

“Within the mix of the country’s 57 million renters that occupy 20.8 million apartment units are eight distinctive renter segments that offer valuable, granular information to investors.”