Construction spending dipped in May for the seventh straight month, the U.S. Commerce Department reported Tuesday.
Category: News and Trends
Trepp: CMBS Delinquency Rate Up; Office Hits High
Trepp, New York, reported that the CMBS delinquency rate rose in June, up 5 basis points to 7.13%.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 27, 2025. Last week’s results included an adjustment for the Juneteenth holiday.
ATTOM: Home Affordability Continues to Weaken Across Country
ATTOM, Irvine, Calif., found that in 99% of counties analyzed, median-priced single-family homes and condos were less affordable than historical averages.
MBA Associate Member Benefit Webinar, August 13
Join us Aug. 13 for an exclusive Associate Member Benefit webinar that will help you make the most of your MBA membership.
Redfin: One-Third of Baby Boomers Say They’ll ‘Never Sell’
Redfin, Seattle, released a new study finding that 33.5% of Baby Boomers who currently own their homes say they’ll “never sell.”
Yardi Matrix: Multifamily Performance Strong in First-Half 2025
Yardi Matrix, Santa Barbara, Calif., reported multifamily performance remained strong in the first half of 2025. Nationally, multifamily advertised rent growth has been about 1%.
Incentives, Inventory and the Tale of Two Housing Markets
Odeta Kushi, deputy chief economist at First American, looks at new home sales compared to existing home sales.
Quote of the Day
“Prices just continue to rise and there’s been no relief on mortgage rates. Meanwhile, typical wages are barely increasing from quarter-to-quarter.”
–ATTOM CEO Rob Barber
Data Center Construction Hits New Heights, CBRE Reports
Demand from hyperscalers and cloud service providers continue to boost the data center market, CBRE reported.