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.
Category: News and Trends
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.
Dealmaker: Greystone Provides $58.6M Freddie Mac Loan for Illinois Multifamily
Greystone, New York, provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Ill.
CREF Policy Update: Trump Administration Releases Additional Details on FY 2026 Budget Proposal
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News June 12, 2025
Commercial and multifamily personnel news from JLL, Merchants Bank, Greystone and Northmarq.
CMF Quote of the Week
“MBA congratulates Andrew Hughes on his confirmation to serve as HUD Deputy Secretary. We look forward to continuing our important work with him, Secretary Turner, and HUD staff on policies and initiatives that lower single-family and multifamily financing costs and increase homeownership and rental housing opportunities for all Americans.”
–MBA President and CEO Bob Broeksmit, CMB,