MBA Forecasts Commercial/Multifamily Originations Flat in 2018

WASHINGTON D.C. (October 30, 2017) – (RealEstateRama) — The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will increase in 2017, ending the year at $515 billion, up 5 percent from the 2016 volumes. MBA expects volumes to remain at roughly that level in 2018. MBA forecasts mortgage banker originations of just multifamily mortgages at $235 billion in 2017, with total multifamily lending at $271 billion. After strong growth in 2017, multifamily lending is expected to slow slightly in 2018.

“Commercial and multifamily markets remain strong, even as many growth measures are exhibiting a bit of a downshift,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Property values are up 6 percent through the first 8 months of this year. Despite a decline in property sales transactions, commercial and multifamily mortgage originations were 15 percent higher during the first half of this year than a year earlier. We expect stable property markets and strong capital availability to continue to support mortgage borrowing and lending in 2018.”

Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2017, ending the year roughly six percent higher than at the end of 2016.

MBA’s commercial/multifamily members can download a copy of MBA’s Commercial/Multifamily Real Estate Finance Forecast at mba.org/crefresearch.

CONTACT
Ali Ahmad

(202) 557- 2727

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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