William Lull

[Daniel Hogan @RED_DanielHogan]

Multihousing Sensitive Econ Calendar.
10/15: Sep Industrial Prod., Aug JOLTS;
10/16: Sep Housing Starts;
10/17: Sep Leading Econ. Indicators;
10/18: Existing Home Sales.
Inflation figures last week were encouraging. Mkt. will look for moderating I.P. and LEI stats this week.

[RED Capital Group @REDCapitalGroup]

“RED, as a tax-exempt bond underwriter and mortgage lender, has the experience and relationships to help coordinate all the pieces that need to come together on an #AffordableHousing development."

[Daniel Hogan @RED_DanielHogan]

Multihousing Sensitive Econ Calendar.
4/24: Aug. FHFA Home Price Index (Consensus=+6.4% YoY), New Home Sales (C=-0.6% MoM);
4/25: Sep. Durable Goods (Ex-transportation C=+0.4%);
4/26: 3Q18 GDP (C=+3.3% SAAR).
RCR SAAR GDP forecast range is 2.5% to 3.0%.

[RED Capital Group @REDCapitalGroup]

Going to the @RealShare Apartments Conference in LA next week? RED's team will be there to meet with you to discuss financing solutions for your project's needs. #commercialrealestate

[Daniel Hogan @RED_DanielHogan]

Durable Goods data were softer than expected as the ex-transportation component advanced only 0.1%, falling short of the 0.4% consensus. Conversely, 1st time U/E claims on 215m exhibited no negative hurricane effect, indicating good momentum going into Friday's October NFP print.

[Daniel Hogan @RED_DanielHogan]

2Q18 Market Overviews recently posted to our website: Milwaukee, Minneapolis, Kansas City, Saint Louis. Boston, New York, and Philadelphia on deck, and Capital Area to follow.
https://t.co/Ktk7qHEixu
https://t.co/BCpgk2KuGi
https://t.co/S96R6vT6uI
https://t.co/bV9prkMeYm

[RED Capital Group @REDCapitalGroup]

RED is proud to announce the first class of Associate Development Program graduates - @RED_CarolynK, @RED_KaraK, @RED_WillL, @RED_GerryW!

For more informatino on the Associate Development Program, visit: https://t.co/5bLcAr8cBf

[MultifamilyExecutive @MFEmagazine]

Multifamily housing opportunities and challenges through 2018 and beyond. https://t.co/aTFlhW8S2a #Sponsored

[RED Capital Group @REDCapitalGroup]

RED's Michael Young recently closed a $4.5M loan for the financing of Halsted Apartments in East Orange, New Jersey.

Let's discuss how RED can help you with your financing needs. https://t.co/YeIqOThMzz #MultifamilyHousing

[RED Capital Group @REDCapitalGroup]

“RED, as a tax-exempt bond underwriter and mortgage lender, has the experience and relationships to help coordinate all the pieces that need to come together on an #AffordableHousing development."

[Daniel Hogan @RED_DanielHogan]

After yesterday's robust Case-Shiller home price index reveal, more evidence of strength in the for-sale market was released today. The MBA report that seasonally-adjusted purchase mtg apps increased 3% last week, raising the YoY comparison from 6% to 8%.

[Daniel Hogan @RED_DanielHogan]

Omnibus appropriations bill contains several benefits for the multihousing industry, including:
* 12.5% increase in LIHTC allocations;
* 10% increase in Department of Housing and Urban Development funding.
These represent major victories for affordable housing cause! https://t.co/8UtfghJSyZ

[Daniel Hogan @RED_DanielHogan]

Feb. Leading Economic Indicators: LEI for January was revised down from 1.0% to 0.8%, a harbinger of strong 1H18 growth nonetheless. The Feb. print was moderately softer on 0.6%. Data are in line with our 2.6% 1H18 GDP forecast, with weaker gains in store for the second half.

[Daniel Hogan @RED_DanielHogan]

MBA Mortgage Apps Wk of 3/16: Seasonally-adjusted purchase money applications increased 1% week-on-week. Total apps up 3% YoY. No evidence of accelerating home purchase activity, a modest plus for multifamily investors.

[Daniel Hogan @RED_DanielHogan]

Multifamily Permits and Starts moderated in February. Permits declined from a 452,000-unit SAAR in January to 385,000. MFH starts plunged from a 440,000-unit pace in Jan. to 317,000. Weather was a factor, but the starts data should encourage investors concerned about 2019 supply.

[RED Capital Group @REDCapitalGroup]

RED is committed to serving the multifamily industry as a direct lender – offering a full menu of lending programs for affordable, workforce, market-rate, green, and small balance financing.

#multifamilyhousing #affordablehousing

[RED Capital Group @REDCapitalGroup]

RED modeling exercises find that job (+), absorption (+), occupancy (+) and inventory (-) growth have the largest effect on KC rent trends.

#MultifamilyHousing @RED_DanielHogan https://t.co/e1Av6d8bpJ

[Daniel Hogan @RED_DanielHogan]

The first wave of Texas reports - Dallas, Fort Worth, Houston -- is posted to the web site. Broad investment outlook is constructive, particularly with respect to risk-adjusted returns. Austin, SA to follow.
https://t.co/917zueUd6n
https://t.co/766lEzbNsn
https://t.co/zpKTXtLhDa

[Daniel Hogan @RED_DanielHogan]

RCA posted an interesting analysis comparing the relationship between property market liquidity and cap rates. Although the analysis is not multifamily specific, it is notable that markets that may misprice liquidity are among RED Research's top picks for Expected Total Returns. https://t.co/9OYxw20mj0

[Daniel Hogan @RED_DanielHogan]

Multi-housing Sensitive Econ Calendar.
3/7: MBA Mortgage Apps wk 3/2; Fed Beige Book.
3/9: February Non-farm Payrolls.
Bloomberg NFP consensus = 205,000; range = 152m - 230m.
RCR Forecast = Above consensus, 215m +/- 20m.