“Borrowing and lending backed by commercial real estate set another quarterly record from April through June, although the pace of increase slowed from the first quarter.
Property owners, investors and lenders continue to work through broader economic uncertainty that is affecting the space, equity and debt markets.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.
Stagflation could lead to lower U.S. commercial real estate valuations, said Fitch Ratings, New York.
Walker & Dunlop’s New York Capital Markets team closed $1.1 billion in capital markets activity in New York.
Boxwood Means LLC, Stamford, Conn., reported the aggregate market value of small commercial real estate assets rose steadily at midyear despite an increasingly uncertain outlook for commercial real estate prices and the economy.
MBA CONVERGENCE presents the next in its webinar series, What Does it Cost to Produce a Unit of Housing? Costs & Elements of Production, on Thursday, Aug. 25 from 2:00-3:00 p.m. ET.
“Broadly speaking, the construction industry is finally returning to pre-pandemic levels of activity but is still being hampered by three familiar challenges–labor shortages, material costs and availability, and supply chain issues.”
–Roger Gingerich, Partner with Marcum.
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Ginnie Mae on Wednesday said it will take on a larger role in HUD’s efforts to fight rising housing costs and boost housing supply, releasing a Fact Sheet outlining its efforts to drive liquidity toward equitable and affordable housing.
The Mortgage Bankers Association last week sent a letter to federal regulatory agencies, discussing several topline issues it says are crucial to improving the current Community Reinvestment Act framework.
