MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the U.S. Supreme Court’s decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America:
Category: News and Trends
CMF Quote of the Week: May 16, 2024
“[Multifamily] absorption has remained surprisingly resilient despite the record deliveries over the last few quarters.”
–Kelli Carhart, leader of Multifamily Capital Markets for CBRE
CREF Policy Update: Senate Holds Hearing on Financial Services and Rental Housing Fees; Commercial/Multifamily Borrowing Unchanged in First Quarter
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Yardi Matrix Says Student Housing Still Strong, but Some Metrics Slow
Yardi Matrix, Santa Barbara, Calif., reported in its National Student Housing Report for May 2024 that student housing metrics have moderated somewhat, but remain solid overall.
Trepp: CMBS Special Servicing Rate Jumps in April
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate “leaped” in April, rising 80 basis points to 8.11%.
MBA Chart of the Week: Monthly Payroll Growth, Average Hourly Earnings
This week’s Chart of the Week is based on the April jobs report, which was released two days after the FOMC meeting and showed a little less strength than expected in terms of payroll growth, wage growth, and unemployment.
Affordable Housing Insights Fireside Chat With Accenture’s Cate Dalton
The Mortgage Bankers Association’s Affordable Housing Initiatives team recently launched the Affordable Housing Insights Fireside Chat Series, an interview series with housing industry leaders.
Dealmaker: Walker & Dunlop Arranges $120M Refinancing for Nashville Multifamily
Walker & Dunlop, Bethesda, Md., arranged $120 million in financing for 1111 Church, Nashville’s newest Class A mixed-use multifamily community in the city’s Gulch neighborhood.
CBRE: Multifamily Rent Grows Slightly
CBRE, Dallas, found multifamily fundamentals are beginning to stabilize, per first-quarter data.
Commercial Property Prices Dip
The pace of decline in U.S. commercial real estate prices decelerated in March, led by improvements in the industrial sector, Real Capital Analytics reported.