Freddie Mac Multifamily Midyear Outlook Projects Robust Rental Market, Higher Origination Volume

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MCLEAN, Va., Aug. 08, 2019 (GLOBE NEWSWIRE) -- The  (OTCQB: FMCC) projects a robust rental market and strong multifamily volume growth in 2019. The rental market remains well positioned to absorb new supply due to vacancy rates continuing to beat out projections and rent growth remaining above the rate of inflation, according to the report. This strong growth along with low interest rates put originations on pace to grow by 8% over 2018. Freddie Mac released a companion and with the .

“A strong labor market and a persistent housing shortage have continued to fuel a robust rental market,” said Steve Guggenmos, who leads Freddie Mac Multifamily’s research and modeling team. “As of June, multifamily completions outpaced the prior two years, but demand remains high in the majority of markets allowing them to absorb most of the new supply. 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.” 

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at , Twitter  and Freddie Mac’s blog .

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Globe Newswire: 17:01 GMT Thursday 8th August 2019

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