Growth in U.S. commercial property prices slowed to the weakest annual pace in eight years in January, reported Real Capital Analytics, New York.
Category: News and Trends
MBA, Trade Groups Ask Agencies to Delay CECL Accounting Standard
The Mortgage Bankers Association and nearly a dozen industry trade groups asked federal agencies to delay the January 2020 implementation of controversial accounting standard, saying more analysis of potential consequences to lenders and consumers is needed.
Report Cites Obstacles To Multifamily Development
The most significant barrier new multifamily development faces is the rising cost of construction, reported Colliers International, Toronto.
CMBS Supply/Demand Fundamentals Stable; Defeasance Surges
Commercial property market supply and demand fundamentals remained relatively stable in third-quarter 2018, said Moody’s Investors Service, New York.
Economy, Inflation Pressure Hotel Sector
Slower economic expansion and inflation will likely pressure hotel margins and revenue per available room this year and next, reported S&P Global Ratings, New York.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Slowing Growth Leading Investors to Temper Risk
Commercial real estate investor attention is increasingly shifting to liquid and secure markets and asset types, reported JLL, Chicago.
Small-Cap Fundamentals Finish 2018 on Solid Footing
Small-cap commercial real estate fundamentals finished the fourth quarter on solid footing, but some “cracks in the foundation” persist, raising concern about the market’s future expansion, said Boxwood Means, Stamford, Conn.
Commercial/Multifamily Briefs
HUD said it will “dramatically” reduce the advance notice it gives to private owners of subsidized apartment properties before their housing is inspected.
MBA Chart of the Week: Current Unpaid Principal Balance of Non-Bank Commercial/Multifamily Loans
A decade ago, MBA began collecting information on volume of commercial and multifamily mortgages, held by non-bank lenders, maturing over the coming years. This week’s chart, using data from our CREF Database, combines the results of multiple years’ surveys and provides a timeline of the changing nature of the market.
