Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Category: News and Trends
Quote
“The path to sustainable homeownership often starts with renting. MBA appreciates the GSEs’ emphasis on enhancing existing products and developing offerings to encourage the rehabilitation and creation of new multifamily rental housing.”
–MBA President & CEO Robert Broeksmit, CMB.
Colliers: Office Market Recovery Pauses
Colliers, Toronto, reported the office market paused in the first quarter following two quarters of occupancy gains. But the overall trend points toward stabilization, the firm noted.
8 of 10 Largest U.S. Cities Lose Population; Sun Belt Grows
Sun Belt cities have benefited from U.S. population shifts over the past several decades, the Census Bureau reported this month; new data show the top 15 fastest-growing U.S. cities are entirely in the South and West.
Initial Claims Drop by 8,000
Initial claims for unemployment insurance fell for the first time in three weeks, the Labor Department reported Thursday.
ULI: Study Links Development Success, Racial Equity
Real estate development success and racial equity are increasingly linked, according to the Urban Land Institute, Washington, D.C.
MBA Letters Urge House, Senate Support for FY23 T-HUD Appropriations
The Mortgage Bankers Association, in letters last week to leaders of the Senate and House Appropriations Committees, urged support for the Transportation, Housing and Urban Development (THUD) appropriations bill for Fiscal Year 2023.
MBA: 1Q Commercial, Multifamily Mortgage Delinquency Rates Drop
Commercial and multifamily mortgage delinquencies declined in the first quarter, the Mortgage Bankers Association reported in its Commercial/Multifamily Delinquency Report.
CBRE: Hotel Market Sees 2023 Full Recovery
CBRE, Dallas, raised its hotel performance forecast based on first-quarter strength, slow construction activity, higher inflation and continued optimism about employment and economic growth.
Single-Tenant Retail Sector Benefits from Changing Consumer Behavior
Marcus & Millichap, Calabasas, Calif., said the single-tenant net leased retail sector is benefiting from evolving consumer behavior.