Camden Property Trust, a Houston-based real estate investment trust, has priced a $200 million offering of 5.875% senior unsecured notes at 99.565.The multifamily REIT will use the net proceeds of approximately $198 million to reduce the balance under its unsecured credit facility. The 10-year notes have been rated Baa2 by Moody's and BBB by Standard & Poor's and Fitch, Camden said. Camden can be found on the Web at http://www.camdenprop.com.
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
The financial industry has largely welcomed moves like the removal of a previously proposed increase for a broad multiplier but questioned mortgage details.
