"MBA strongly supports the administration’s efforts to increase the housing supply by encouraging the construction and rehabilitation of affordable apartments and homes for renters and first-time buyers. The lack of supply is a huge problem, and HUD and FHFA should do what they can administratively while Congress considers more significant initiatives. MBA looks forward to continuing to work with the administration, Congress, and all other stakeholders on ways to address supply constraints and ensure government programs appropriately complement private capital to help both renters and homeowners." --MBA President and CEO Bob Broeksmit, CMB.

Commercial real estate executives have a partly sunny outlook about the U.S. economy and CRE fundamentals but report some structural concerns, said Trepp LLC, New York.