Dodge Momentum Index Dips 5% in October

The Dodge Momentum Index, which tracks nonresidential building projects in the planning stage, decreased 5.3% in October to 197.2 from September’s 208.2 reading.

Chart of the Week: CRE Property Sales and Borrowing

After a slow start to this year, borrowing and lending backed by commercial real estate properties picked up during the third quarter. Originations increased 59% compared to a year ago and increased 44% from the second quarter of 2024.

MBA Statement on FHFA’s 2025 Multifamily Loan Purchase Caps  

MBA’s President and CEO Bob Broeksmit, CMB, released a statement regarding the Federal Housing Finance Agency’s (FHFA) announcement of the 2025 multifamily lending purchase caps for Fannie Mae and Freddie Mac (the GSEs).

CMF Quote of the Week

“After a slow start to the year, borrowing and lending backed by commercial real estate properties picked up during the third quarter.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research