Market uncertainty exacerbated by the government shutdown along with economic uncertainty stemming from tariffs and rising construction costs kept builder confidence firmly in negative territory in November.
Category: News and Trends
Dealmaker: Mesa West Capital Originates $69.75M for Charlotte Acquisition
Mesa West Capital, Los Angeles, originated $69.75 million for a Charlotte, N.C. multifamily community.
Fitch: CRE Refinancing Stability Underpinned by Resilient Debt Capital Markets
U.S. commercial real estate loan refinancing remains “resilient,” with ample liquidity absorbing this year’s elevated maturities, according to Fitch Ratings, Chicago/Toronto.
MCT: Mortgage Lock Activity Dips
Mortgage lock volume dipped across most segments in October even as markets began adjusting to shifting Federal Reserve expectations late in the month, according to Mortgage Capital Trading, San Diego.
Delayed September Jobs Report Shows 119,000 Gained; Industry Economists Weigh In
The Bureau of Labor Statistics Nov. 20 released jobs data for September, delayed because of a lapse in federal appropriations during the government shutdown. The report found total nonfarm payroll employment grew by 119,000 in the month.
Industry Briefs, Nov. 21, 2025
Industry news from Rice Park Capital, Rosegate Mortgage, First American Mortgage Solutions, Cloudvirga, Outamation, LenderLogix, nCino, Eastern Bank, Click n’ Close and NewDay USA.
MISMO Publishes Federal Government Housing Agency Servicing Dataset to Align with the VA’s Modernization Goal
MISMO, the real estate finance industry’s standards organization, published the new Federal Government Housing Agency Servicing Dataset in ‘Candidate Recommendation’ status, indicating the standard has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
People in the News, Nov. 21, 2025
Industry personnel news from LERETA, Westcor Land Title Insurance Co., and Merchants Bank.
JLL Projects Slight Return to Positive for Construction Spending in 2026
JLL, Chicago, released its 2026 U.S. Construction Perspective, finding that construction spending fell 4.7% in 2025. However, the firm projects 0.4% growth in 2026, marking a slight improvement.
MBA Releases Statements Encouraging Senate Confirmation of Frank Cassidy, Joe Gormley, Travis Hill
MBA’s President and CEO Bob Broeksmit, CMB, released a series of statements.