MBA CREF Policy Update April 27, 2023

Commercial and multifamily developments and activities from MBA important to your business and our industry.

CMF Quote of the Week: April 27, 2023

“After the pandemic removed the four walls of the workplace, our new world of hybrid work has created an unprecedented need for digital technology….The data center industry is experiencing impressive growth and catching the eyes of investors and lenders as a strong, alternative asset class that has been relatively unimpacted by continued economic uncertainty.”
–Andy Cvengros, Managing Director with JLL.

Dodge Momentum Index Drops

The Dodge Momentum Index of commercial building projects in the planning stage slipped 8.6% in March to 183.7, reported Dodge Data and Analytics, Hamilton, N.J.

Report Cites Pandemic’s Impact on U.S, Population Shifts

New data on county-level population changes continue to suggest that the coronavirus pandemic had profound and lasting impacts on economic geography—with two million people leaving U.S. cities between 2020 and 2022—according to a report by the Economic Innovation Group, Washington, D.C.

MBA: 1Q Commercial/Multifamily Mortgage Delinquency Rates Up Slightly

Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the first quarter, according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.