Freddie Mac headquarters

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McLEAN, VA—Strong multifamily growth along with low interest rates put originations on pace to grow by 8% over 2018, according to the Freddie Mac Multifamily 2019 Midyear Outlook.

As of June, multifamily completions outpaced the prior two years, says Steve Guggenmos, who leads Freddie Mac Multifamily’s research and modeling team. “These strong fundamentals and lower-than-anticipated interest rates have supported growth in multifamily originations, which are forecasted to grow to $336 billion in 2019.”

Actual volume for 2018 will not be available until the fall of 2019, according to the GSE but its expectations are for total origination volume to rise by 9.1% to $311 billion for the year. As for 2019, with interest rates declining through the first half of the year and projected to remain low for the remainder of the year, Freddie Mac anticipates strong volume growth through 2019.