Construction spending dipped during March, the U.S. Census Bureau reported Thursday.
Category: News and Trends
John Lammle Joins MBA as Associate Vice President of Commercial Real Estate Finance
The Mortgage Bankers Association announced that John Lammle has joined the association as Associate Vice President of Commercial Real Estate Finance.
Quote of the Day
“John’s extensive knowledge and experience, including on regulatory and legislative issues pertaining to banking and commercial real estate, will make him an incredible addition to MBA and an asset for our CREF members.”
–MBA SVP of Commercial/Multifamily Policy and Strategic Industry Engagement Jamie Woodwell
Bankrate Reports Renting Increasingly Cheaper Than Buying in Most Metros
Renting remains cheaper than buying a home in all 50 of the largest U.S. metros, with the difference between the two growing in 38 metros since last year, according to Bankrate, New York.
MBA Premier Member Editorial: 10 Things to Know in the Property Market
Market dynamics are putting pressure on U.S. housing, Cotality Chief Economist Selma Hepp writes.
MBA Statement on Senate Bill Introduction to Raise FHA Multifamily Loan Limits
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the introduction from Sens. Ruben Gallego and Dave McCormick of a bipartisan bill to increase FHA multifamily statutory loan limits.
ValuePenguin: Two-Thirds of Home Insurance Policyholders Say Rates Rose Last Year
ValuePenguin, a division of LendingTree, Charlotte, N.C., found that two in three home insurance policyholders say their rates rose in 2024.
Pending Home Sales Jump
Pending home sales jumped 6.1% in March–the greatest month-to-month increase since late 2023–the National Association of Realtors reported.
Quote of the Day
“MBA has long advocated for Congress to update FHA multifamily loan limits to levels that are consistent with housing and economic conditions.”
–MBA President and CEO Bob Broeksmit, CMB
Dealmaker: Mesa West Capital Provides $45M Loan for Nashville Hotel Acquisition
Mesa West Capital, Los Angeles, provided $45.36 million in first mortgage debt for the acquisition of an Embassy Suites hotel in Nashville, Tenn.