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Build-to-Rent, Capital Markets and Life in Lockdown:
IMN Homebuilding Newsletter
 
 
 
Welcome to the first edition of IMN's Homebuilding Community Newsletter.  As we all adjust to a new normal amid unprecedented disruption, IMN is committed to keeping you connected with your peers, facilitating new inroads in the real estate community and delivering the content you value the most. We welcome any feedback you may have to help us provide value with our digital offerings.
In this edition you will find an exclusive podcast interview with Rob Vahradian, Senior Managing Director at GTIS Partners and Margaret Whelan of Whelan Advisory; a white paper on how to evaluate a Build-to-Rent investment portfolio; candid responses from members of the homebuilding community about their typical day in lockdown; and an article on investment opportunities in the for-sale residential market.

Be sure to also check out all of the information below to participate in our upcoming webcasts: SFR Fix/Flip Financing and Build-to-Rent Market Update.
We hope everyone stays safe and well during these extraordinary times and look forward to connecting our communities with a growing suite of digital thought leadership content.  
 
 
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PODCAST: Margaret Whelan of Whelan Advisory is joined by GTIS Partners Senior Managing Director Rob Vahradian to discuss the current investment landscape for homebuilding and what this might look like when we emerge from this current environment of uncertainty.
 
 
 
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WHITEPAPER: Mark Peterson, Director of Build-to-Rent Division at SFRhub Advisors shares his team’s expert analysis process for evaluating and underwriting a Build-to-Rent investment portfolio for acquisition.
 
 
 
 
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REPORTS FROM YOUR PEERS: Around the country, your peers and clients are living and working through the same Covid-19 crisis.  But are we all experiencing the same challenges that life in lockdown brings?  Certainly not.
We reached out to our homebuilding community clients and asked them to outline what their typical day looks like at the moment under lockdown.  The responses have been insightful and will hopefully remind us of the human element of our professional relationships moving forward.
 
 
 
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INVESTMENT OPPORTUNTIES: 
RCLCO Real Estate Advisors Managing Director, Brad Hunter, shares his insight on the investment opportunities that are just around the corner in the for-sale residential market.
"Housing drove the economy into the ditch back in 2006. In this recession, housing is holding up relatively well, considering the incredible job losses. And, fairly soon, housing will be one of the main sectors that will lead the economy back to recovery."
 
 
 
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In the news
 
 
 
Mortgage applications from buyers jump 11%, signaling the spring housing market may not be a total loss
"As some states reopen from the nationwide coronavirus shutdown and open houses reemerge, buyers are coming back to the housing market much faster than expected.
Buyer demand kept mortgage application in the positive last week, up 0.3% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. 
Applications to purchase a home rose for the fourth straight week, jumping a decisive 11%. They were still 10% lower compared with the same week one year ago but that annual loss has been shrinking markedly..."
[Read full article]

US Build-to-Rent Payments Pick Up in May
"Income for the US build-to-rent sector has returned to pre-Covid-19 levels however the industry is not out of the woods yet.
From a survey of 11.4 million apartments in the country 80.2 per cent of households made a full or partial rent by 6 May according to the National Multifamily Housing Council rent payment tracker.
This result came despite more than 1.36 million people becoming infected with the virus since mid-March and more than 20 million people losing their jobs in April..."
[Read full article]
 
D.R. Horton Is Upbeat For the Homebuilding Sector Despite COVID-19
"For homebuilders, the first-quarter earnings season has been a tale of pre-COVID and post-COVID. The residential real estate sector was having its best year in over a decade going into the spring selling season. Given the free-fall in the economy, homebuilders should be struggling; however, at first glance, it appears things are not as bad as feared..."
[Read full article]
 
How Housing Choices For Millennials Could Change In A Post-Coronavirus World
"Just when we were starting to trumpet the return of the entry-level home buyer, after years in which builders ignored that segment, we get another mind-bending recession. How will this affect home-buying and renting behavior?
To say that Millennials had a tough time after they graduated is an understatement. Millennials who were 22 years old in 2008, excited to start their career and maybe buy a house, stepped into a collapsing economy. “Go back and live with your folks,” the fates seemed to be saying."

[Read full article]