X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Freddie Mac headquarters

➤➤ Join the GlobeSt.APARTMENTS (formerly RealShare) conference October 29-30 in Los Angeles. The event will analyze the opportunity in the emerging trends and conditions of the multifamily market. Don’t miss out on joining the 1000+ of the industry’s top owners, investors, developers, brokers and financiers as they gather for THE MULTIFAMILY EVENT OF THE YEAR! Click here to register and view the agenda.


McLEAN, VA—Strong multifamily growth along with low interest rates put originations on pace to grow by 8% over 2018, according to the Freddie Mac Multifamily 2019 Midyear Outlook.

As of June, multifamily completions outpaced the prior two years, says Steve Guggenmos, who leads Freddie Mac Multifamily’s research and modeling team. “These strong fundamentals and lower-than-anticipated interest rates have supported growth in multifamily originations, which are forecasted to grow to $336 billion in 2019.”

Actual volume for 2018 will not be available until the fall of 2019, according to the GSE but its expectations are for total origination volume to rise by 9.1% to $311 billion for the year. As for 2019, with interest rates declining through the first half of the year and projected to remain low for the remainder of the year, Freddie Mac anticipates strong volume growth through 2019.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.