Multifamily investing -linked municipal bond activity rose

Multifamily investing-linked municipal bond activity rose 12% in early 2024, signaling confidence among fixed-income investors. This trend may indirectly benefit publicly listed mortgage REITs. The jobless rate rose from 4.2% in July to 4.3% in August, as the number of unemployed people sat at 7.4 million according to the U.S. Bureau of Labor Statistics . While the numbers aren’t necessarily increasing, job growth isn’t taking off either. The latest multifamily industry news delivered to your inbox Multifamily investing exposure in mixed-use developments is boosting cross-sector stock valuations. Analysts cite retail foot traffic synergies lifting rental absorption rates.