The level of commercial/multifamily mortgage debt outstanding increased by $46.8 billion (1.0%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Category: News and Trends
Planning for Commercial Building Grows, Dodge Finds
The Dodge Momentum Index grew 3.7% in May to 211.2, indicating an increase in planning for both commercial and institutional buildings, the Dodge Construction Network reported.
Dealmaker: M&T Bank, M&T RCC Arrange Over $10M for Vermont Affordable Redevelopment
M&T Realty Capital Corp., Baltimore, announced a $5 million Low-Income Housing Tax Credit equity investment in an affordable housing redevelopment in rural Vermont.
CREF Policy Update: CFPB Delays 1071 Reporting Again
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Broeksmit Congratulates Andrew Hughes Upon His Confirmation as HUD Deputy Secretary
The Senate on Tuesday confirmed Andrew Hughes as the next Deputy Secretary of the U.S. Department of Housing & Urban Development. MBA President and CEO Bob Broeksmit, CMB, issued a statement about Hughes’ confirmation.
Jobs Increase by 139,000 in May; Unemployment Remains Flat
Total nonfarm payroll employment increased by 139,000 in May, with the unemployment rate flat at 4.2%, the U.S. Bureau of Labor Statistics reported.
Chart of the Week: Latest Delinquency Rates and Range Since 1996
Commercial mortgage delinquencies increased across all major capital sources in the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report. While overall delinquency rates remain relatively low by historical standards, the increases highlight growing stress in parts of the market, particularly in sectors facing refinancing challenges or weakened fundamentals.
CoStar, Tourism Economics Downgrade Hotel Forecast
CoStar, Washington, D.C., and Tourism Economics, Philadelphia, downgraded their hotel-sector growth projections in a revised 2025-2026 U.S. hotel forecast.
Commercial Property Pricing Holding Firm, Green Street Finds
Green Street, Newport Beach, Calif., reported commercial property prices increased 0.6% in May.
KBRA Says CMBS 2.0 Office Exposure Rising
Kroll Bond Rating Agency, New York, reported the five-year trend of conduit office exposure declining reversed in first quarter, with exposure rising to 16.3% from 13.9% in Q1 2024 and 15.4% for the full-year 2024.