July 2011 Table of Contents

Features
An Unfair Scarcity An Unfair Scarcity

The nation's inventory of apartments is heading toward a shortage as early as next year, with an estimated 300,000 apartments needing to be built this year to meet expected demand but fewer than half that number likely to be constructed Read more

A Queens Tale A Queens Tale

Though often overshadowed by Manhattan, Queens County is a New York City borough rich in population, density, culture, and real estate—and institutional investors are starting to take notice. Read more

The Debt Set The Debt Set

The only constant is change, mused Greek philosopher Heraclitus, and multifamily borrowers are now saying, “Vive la différence." Read more

Housing Strain Increases Housing Strain Increases

For developers and apartment owners who can provide decent affordable housing, the opportunity to do so may be bigger than ever, according to a report published this past spring by the Harvard Joint Center for Housing Studies (JCHS). Read more

Made to Create

ONE OF MY LEAST FAVORITE questions to be asked is, “What's your favorite movie?” Mostly because I love movies and find that I'll get stressinduced wrinkles if I'm force Read more

The Advocate The Advocate

DAVID STEVENS officially joined the Washington, D.C.– based Mortgage Bankers Association this May, replacing John Courson as president and CEO of the influential housing finance trade group Read more

Small Loans, Bigger Menu

Last year, Fannie Mae was the clear front-runner in the smallloan market—the business grew to $2.4 billion from $2.2 billion the year before. Read more

Office Redo Office Redo

More risk? Check. More cost? You know it. Rezoning and re-entitlement hurdles? Not uncommon Read more

Is the Bloom Off the Homeownership Rose?

THE NATIONAL HOMEOWNERSHIP rate fell to 66.4 percent at the end of the first quarter—the lowest figure in 13 years—down from 67.2 percent a year earlier. Read more

Conduits Expand

AS THE CONDUIT SPACE heats up, Fannie Mae and Freddie Mac may soon start feeling the heat. Read more

Divine Providence Divine Providence

Though located in the smallest state in the union, the Providence multifamily market is set to post some big numbers. Read more

4 Lessons Learned From the Bust

IT’S SAID THAT DEVELOPERS have short memories. That’s probably true. But coming out of this downturn, some developers are changing their strategies after suffering through 2008 and 2009 Read more

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