Fannie and Freddie to Expand Support for Rental Housing
The Federal Housing Finance Agency (FHFA) announced today that the 2025 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $73 billion for each Enterprise, for a combined total of $146 billion to support the multifamily market. The 2025 caps represent more than a 4% increase from 2024.
Just like in 2024, when the cap for each Enterprise was $70 billion, multifamily loans that finance workforce housing will be excluded from the 2025 limits.
Over the past year, since workforce housing was first exempted from the caps, both Enterprises have seen encouraging growth in this critical market segment. In addition, FHFA will continue to require that at least 5% of the Enterprises’ multifamily businesses be mission-driven.
FHFA will continue to monitor the multifamily mortgage market and maintains the ability to raise the caps further if necessary to support liquidity in the market. However, to prevent market disruption, if FHFA determines that the actual size of the 2025 market is smaller than was initially projected, FHFA will not lower the caps.
Latest from NAHBNow
IBS | Sustainability and Green Building | Remodeling
Sep 24, 2025
2026 Remodeled Show Home Goes Light on Demolition, Heavy on EfficiencyEven though The New American Remodel 2026 will not undergo major structural changes, the strategic design updates and modern product integrations will transform the property from a dated, energy-guzzling residence into a sustainable, high-performance gem.
Economics
Sep 24, 2025
New Home Sales Post Unexpected Large Gain in AugustSales of newly built single-family homes jumped 20.5% higher in August, to a seasonally adjusted annual rate of 800,000 from an upwardly revised reading in July, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales is up 15.4% from a year earlier. The three-month moving average of new home sales was 713,000, an increase from the 656,000 in July. New home sales remain down 1.4% on a year-to-date basis.
Latest Economic News
Economics
Sep 24, 2025
New Home Sales Post Unexpected Large Gain in AugustA modest drop in mortgage rates led to a surprisingly large jump in new home sales in August, though the figure may be revised downward in the coming month.
Economics
Sep 24, 2025
Single-Family Construction Loan Volume Falls BackThe NAHB Land Acquisition, Development and Construction (AD&C) loan survey in the second quarter reported tightening credit conditions for builders. Consequently, FDIC data reporting the outstanding volume of 1-4 family construction loans fell in the second quarter.
Economics
Sep 23, 2025
Beyond the Official Unemployment Rate: A Deep Dive into U.S. UnemploymentIn August, the official, or standardly referenced, unemployment rate rose slightly to 4.3%, up from 4.2% in July. This marks the highest level in nearly four years, though it remains historically low.