Total Commercial Real Estate Borrowing and Lending Increased 16% in 2024
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16% increase from the $429 billion in 2023, and a 39% decrease from $816 billion in 2022, according to MBA's 2024 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
MBA Asks HUD to Update FHA Multifamily Accelerated Processing Program
MBA sent the Department of Housing and Urban Development a letter urging the agency to consider some updates to its FHA Multifamily Accelerated Processing program to lower housing costs and boost housing supply.
CREF Policy Update: MBA Again Leads Coalition Effort to Build Support for Trigger Leads Fix
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Realtor.com: Almost Every U.S. Metro Has Higher Rental Prices Than Pre-Pandemic
Realtor.com released its March Rent Report, finding that despite the 20th consecutive month of year-over-year rent declines, almost all major metro areas still have higher rent than pre-pandemic.
March Housing Starts Fall From February
Privately-owned housing starts for March were at a seasonally adjusted annual rate of 1,324,000, the Census Bureau reported. That’s 11.4% below February’s revised estimate of 1,494,000.
82% Consider Homeownership Part of the American Dream, Bankrate Finds
More than eight in 10 Americans consider homeownership to be part of the American Dream, up from 78% last year and 74% in 2023, according to Bankrate, New York.
Dealmaker: Berkadia Secures $32M for Salt Lake City Apartments
Berkadia, Ambler, Pa., secured a $31.5 million bridge loan for sponsor Midtown Capital to complete The Astoria, a 149-unit apartment community in Salt Lake City, Utah.
