Data from the Department of Housing and Urban Development shows that HUD multifamily and healthcare property lending is at a triple witching low, according to an analysis by Trepp.
Whether counting the number of loans, building units, or money volume, the agency's fiscal year (October through December) 2024 has been a disaster through the third quarter. If the pace continues as it has, the results will have been the lowest since 2012.
In the first three quarters — October 2023 through June 2024 — the totals were 51,985 units, $6.97 billion in dollar volumes, and 374 loans to date.
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