『Single Family Market Update: Institutional buyer limits, rates rebound, builders cut prices (2026.01.22)』のカバーアート

Single Family Market Update: Institutional buyer limits, rates rebound, builders cut prices (2026.01.22)

Single Family Market Update: Institutional buyer limits, rates rebound, builders cut prices (2026.01.22)

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概要

  • Executive order limits federally backed financing for large institutional buyers of single-family homes, reshaping exit liquidity in select markets
  • Purpose-built build-to-rent communities receive a carve-out, preserving financing pathways for dedicated rental developments
  • Threshold for “large institutional” buyers to be defined within 30 days, potentially below the traditional 1,000-unit mark
  • Reduced institutional participation could slow rental supply growth in Sun Belt markets like Atlanta, Charlotte, and Tampa
  • Mortgage rates rebounded above 6.2%, closing the brief sub-6% window as bond volatility and inflation concerns resurfaced
  • Mortgage spreads have largely normalized, meaning further rate relief now depends on Treasury yields falling
  • Builder sentiment dropped back to 37, with price cuts and incentives remaining widespread to move inventory
  • Aggressive builder pricing continues to pressure resale comps in construction-heavy metros such as Phoenix, Austin, and Charlotte
  • DSCR lenders expanding flexibility as competition increases, including acceptance of crypto assets for reserve requirements
  • Crypto-based reserves face strict caps and haircuts, signaling innovation but continued underwriting conservatism
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