In our “in case you missed it” category, we recently highlighted a report in our News Updates from Multi-Housing News on what’s ahead for affordable housing in 2019. This outlook touches on the multitude of constraints that made 2018 a difficult year for the industry as well as why these constraints continue: land costs, materials costs, interest rates, diminished financing and tax options, and zoning issues. Even Opportunity Zones as an avenue ... more
Archives for January 2019
2019 Federal Interest Rates Forecast Requires Caution
As reported in December, the Federal Open Markets Committee (FOMC) elected to raise the federal funds rate by 25 basis points to a targeted range of 2.25 to 2.5 percent. The committee cited a strong labor market, low unemployment and increased household spending and economic activity. The decision has financial experts speculating on how many rate hikes, if any, will occur in 2019. On average, the forecast is for two rate hikes, which FOMC ... more