The number of hotel rooms under construction in the U.S. increased year-over-year for the seventh consecutive month, according to CoStar, Washington, D.C.
Category: News and Trends
Mohamed El-Erian: U.S. Economy in Better Shape Than Expected
DENVER–Renowned economist Mohamed El-Erian gave his thoughts on the global economic outlook during the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28, noting that the U.S. economy is in a better place than anticipated, especially given recession predictions over the past few years.
BLS: Jobs Close to Flat in October
Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.
Redfin Finds Young Homeowners More Likely Than Young Renters to Feel Financially Better Off
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Katelynn Harris Walker: Navigating LIHTC Equity–Challenges, Solutions, and the Road Ahead
The Low-Income Housing Tax Credit (LIHTC) program has long been one of the most important tools for creating affordable housing across the United States. However, recent years have seen significant challenges in ensuring the equitable distribution of LIHTC equity, raising concerns among developers, investors, and policymakers alike.
Dealmaker: Berkadia Secures $111M in Debt, Equity for Florida Apartments
Berkadia, Ambler, Pa., secured $111 million for two new garden-style multifamily communities on Florida’s east and west coasts: Madison Bradenton in Bradenton and Madison Midtown in Melbourne.
CREF Policy Update: COMBOG Meets on 2025 Commercial/Multifamily Priorities; Advocacy Highlights at #MBAAnnual24
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week
“With Christine Chandler’s and Owen Lee’s leadership and support, I am confident that we will make meaningful progress in addressing the many challenges and opportunities facing our industry. I am committed to developing new ideas and strengthening MBA’s ongoing commitment to increasing housing supply and affordability for ownership and renting as well as investing – through mortgage education and training programs – in the next generation of industry leaders.”
—-Laura Escobar, 2025 Chair of the Mortgage Bankers Association and President of Lennar Mortgage
Adrianne Todman: Supply, Disaster Recovery, Affordability Top of Mind
DENVER–Adrianne Todman, Acting Secretary of the U.S. Department of Housing and Urban Development, spoke Oct. 28 at the Mortgage Bankers Association’s Annual Convention & Expo, highlighting affordability, supply and responding to the recent spate of natural disasters.
MBA’s Bob Broeksmit: MBA Ready to Act, No Matter Election Outcome
DENVER–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, said no matter how the election shakes out next week, MBA is ready to take action for its members.