The lender’s origination volume projections for the second half of 2022 are contingent on the economy staying on a stable path over the rest of the year, with a strong labor market, only moderate price appreciation and a stable 10-year Treasury rate.
Rent growth rose 16% YOY in June 2022, and multifamily demand remains high despite rising costs, owing to strong household formations, according to the report. Counter to the mortgage lender’s expectations, demand hit an all time high of 700,000 units in the first quarter of 2022, then moderated to 430,000 in the second, it said.
