“Not unexpectedly, delinquency rates on commercial mortgages increased for the third consecutive quarter,”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
Category: News and Trends
JLL: Construction Industry Likely to See Positive 2024
JLL, Chicago, released its U.S. and Canada Construction Trends 2024 forecast, positing that the industry will have a positive 2024, but also acknowledging existing challenges.
Fitch Shifts Its Outlook for U.S. Title Insurers to Neutral in 2024
Fitch Ratings, New York, shifted its sector outlook for the U.S. title insurance market to neutral for 2024.
Anne Hill from Bayview PACE: Eight Reasons Banks are Warming up to C-PACE Financing
These can be challenging times for commercial real estate borrowers facing tight credit markets. It’s also stressful for banks who want to help their clients but are limited in what they can do. Enter C-PACE.
Affordable Housing Vital as 4% LIHTC Utilization Reaches New High, Arbor Reports
Arbor Realty Trust, Uniondale, N.Y., released its Affordable Housing Trends Report for Fall 2023, finding that utilization of the 4% Low-Income Housing Tax Credit has reached a new high, among other notable takeaways.
CBRE: Hotel Revenue Growth Predicted for 2024 Despite Slower Q3
CBRE, Dallas, is forecasting a recovery in revenue per available room growth for hotels in 2024.
CREF Policy Update Nov. 30: FHFA Issues Final Rule Amending Enterprise Regulatory Capital Framework
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Annual Single-Family Rent Growth Relaxes Again in September, CoreLogic Finds
CoreLogic, Irvine, Calif., found annual single-family rent growth dropped to the lowest point in three years in September with a 2.6% year-over-year increase.
STR, TE Upgrade Hotel Average Daily Rate, Revenue Forecast
STR and Tourism Economics lifted their year-over-year growth projections for hotel average daily rates and revenue per available room in their final hotel forecast revision of 2023.
CMF Quote of the Week: Nov. 30, 2023
“Single-family rent growth eased again in September and is now back to the rate recorded before the pandemic.”
–Molly Boesel, Principal Economist for CoreLogic