MBA: 1st Quarter Commercial/Multifamily Borrowing Down 56%
Commercial and multifamily mortgage loan originations fell by 56 percent in the first quarter from a year ago, and fell by 42 percent from the fourth quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
#MBACMST23: Facing up to Office Sector Challenges
CHICAGO–The office sector faces major challenges, but servicers and asset managers can handle them, panelists said here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
CREF Policy Update: May 11, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Fed Raises Rates; Is That It?
The Federal Open Market Committee raised the federal funds rate by another 25 basis points last week to its highest level since July 2007. And while it hinted this might be the final increase for a while, it left open the door for more action should economic conditions warrant.
U.S. Hotel Construction Pipeline Increases in All Project Stages
Lodging Econometrics, Portsmouth, N.H., reported the U.S. hotel construction pipeline increased in all project stages compared to a year ago.
CBRE: Multifamily Fundamentals Begin to Stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease, reported CBRE, Dallas.
Report: Commercial Construction Costs Increase
Commercial real estate construction costs increased nearly 1.4 percent over the previous quarter, reported Rider Levett Bucknall, Phoenix.
Slowing Economy Reaches Small-Cap Commercial Real Estate
Boxwood Means LLC, Stamford, Conn., said weaker economic conditions on Main Street are impeding small-cap commercial real estate.
