MBA Advocacy Update Jan. 9, 2023

With elected members of both the House and Senate returning to Washington on Tuesday to organize for the 118th Congress, all eyes remained focused last week on the evolving process to officially elect a House Speaker.

Wes Slocum of Accenture Credit Services: Reflections on an Incredible Year

A year that started out on a high from record-breaking originations, has now come to a close with the industry taking a long look at how to press forward.  At first blush, the next two years are likely to be challenging, but I lean more towards the optimistic view and see this time period as one filled with opportunity.

MBA Chart of the Week Jan. 6, 2023: CRE Lending/Borrowing

Commercial real estate markets are entering 2023 amid a great deal of uncertainty and, as a result, a significant slowdown in activity. Leaders of top commercial real estate finance firms believe that overall uncertainty will dissipate over the course of the year, but with a host of factors that will drag – rather than boost – the markets in 2023. 

2022 Jobs Finish on Strong Note

Although nonfarm payroll employment slowed toward the end of the year, it finished on a strong, steady pace, the Bureau of Labor Statistics reported Friday.

Brick-and-Mortar Groceries Show Resilience

The grocery sector continues to show impressive resilience despite inflation, supply-chain issues and labor shortages, reported Placer.ai, Los Altos, Calif.

Top National News Jan. 9, 2023

Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above: