Multifamily Update: March 16, 2009
Apartment REIT sales plunge to five-year lows, mark-to-market rule gains more critics, and a UCLA economist preaches patience.
Multifamily Industry Nervous After Fannie, Freddie Takeover
Mortgage giants reportedly back more than 90 percent of multifamily loans today.
Three years ago, Star Development Corp. decided to try modular housing rather than continue with stick building for its infill projects. Since then, the Ann Arbor, Mich.–based company has purchased more than 200 homes from modular housing manufacturer Genesis Homes.