The Lede
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CMBS Loans Go Ice Cold as Bond-Market Turbulence Heats Up
Scotsman Guide, Mar. 15, 2016--Whitman, Victor
CMBS loans aren't competitive right now against other commercial loan types because of turbulence in the bond markets, analysts say. "Since the beginning of the year, an awful lot of analysts have cut their projections for 2016 by 25 percent to 30 percent or more," said Jamie Woodwell, MBA's vice president of research.
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Multifamily Mortgage Debt Grew at a Strong Pace in 2015 According the Mortgage Bankers Association
MultifamilyBiz.com, Mar. 15, 2016
Commercial/multifamily mortgage debt outstanding increased to $2.83 trillion in the fourth quarter, an increase of $59.7 billion, or 2.2 percent, over the third quarter, according to data collected by the Mortgage Bankers Association.
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U.S. Multifamily Mortgage Grew at Fastest Pace Since 1993
Reuters, Mar. 14, 2016
The amount of outstanding U.S. mortgages for multifamily homes rose to $1.06 trillion in 2015, up 10.4 percent from a year earlier, which was its fastest annual pace since 1993, the Mortgage Bankers Association reported Monday.
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Study: Imbalance Between Renter Population and Affordable Units
National Mortgage Professional, Mar. 14, 2016--Hall, Phil
The renter population is growing in the 11 largest metropolitan areas, but affordable housing options in these markets are shrinking, according to the newly-released NYU Furman Center/Capital One National Affordable Rental Housing Landscape report.
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Fed Faces Challenge As It Considers More Rate Hikes
USA Today, Mar. 14, 2016--Davidson, Paul
With financial markets on a roller coaster in 2016, this week's Federal Reserve meeting should reveal whether policymakers will be guided by February's gut-wrenching valley, the recent peak or the uncertainty of the ride.
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Commercial Constraints?
CNBC/Nightly Business Report, Mar. 11, 2016--Olick, Diana
MBA Economist Jamie Woodwell and CBRE Global President of Debt & Structured Finance Brian Stoffers appeared on Nightly Business Report to discuss the state of the commercial real estate market in light of some recent signs of uncertainty.
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Fed Leaves Interest Rates Unchanged, Lowers Outlook for Further Increases
Wall Street Journal, Mar. 16, 2016--Hilsenrath, Jon; Torry, Harriet
Federal Reserve officials reduced estimates of how much they expect to raise short-term interest rates in 2016 and beyond, nodding to lingering risks to the economic outlook posed by soft global growth and financial-market volatility.
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News and Trends
Analysts: Not The Top of Market Cycle
Several analysts say despite suggestions that the current commercial real estate cycle has peaked, data point to commercial real estate remaining attractive to investors both domestically and abroad, with the U.S. outlook stronger than elsewhere in the world.
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Fannie Mae: Millennials Driving Apartment Demand Surge
Many believe that Baby Boomers downsizing from single-family homes drive the current apartment boom. But Fannie Mae, Washington, D.C., said Millennials, not Boomers, power the surge.
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C&W: Continued Employment Growth Supports CRE
Employment fundamentals that drive demand for commercial real estate space remain sound, reported Cushman & Wakefield, New York.
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Apartment Rents Rise Again
Multifamily rents posted a solid increase in February as the average national rate rose $7 to a record $1,175, reported Yardi Matrix, Englewood, Colo.
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CBRE: Some Markets Deteriorate as Hotel Sector Prospers
The U.S. lodging industry could achieve record occupancy level this year, but an increasing number of local markets reflect growing competition, said CBRE Hotels, Atlanta.
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MBA Research Examines Issues Shaping Lending
New Mortgage Bankers Association research examines key commercial and multifamily mortgage financing sources and the issues that will shape lending.
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