Real Estate Economy Healthy, Says New Edition of MBA Data Book

Commercial real estate has “a growing economy, stable property markets, strong capital flows and an active real estate finance market," according to the Mortgage Bankers Association (MBA).

The group released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the fourth quarter of 2006. With this edition of the Data Book, MBA has added new content in the areas of commercial real estate collateralized debt obligations (CRE CDO) issuance and commercial mortgage-backed securities (CMBS) outstanding.

Among the findings of the Data Book are that, nationally, commercial real estate markets continued to gain strength, commercial and multifamily mortgage bankers’ loan originations were three percent higher than from the same quarter last year, and, at the end of 2006, commercial/multifamily mortgage debt outstanding was $2.95 trillion, as recorded by the Federal Reserve.

The Data Book includes information on the following topics:

- Economic Outlook - which includes commentary, long-term real estate finance and macroeconomic forecast, employees on non-farm payrolls, and Treasury yields and bank rates
- Commercial/Multifamily Finance Environment - which includes comments from the Federal Reserve Board's Beige Book, property sales volumes, capitalization rates and multifamily building permits, starts and completions
- Mortgage Production - which includes originations, CMBS issuance and ACLI commitment volumes as well as CRE CDO issuance
- Mortgage Debt Outstanding - which now includes CMBS debt outstanding
- Loan Servicing

"The Commercial Real Estate/Multifamily Finance Data Book pulls together the most current industry indicators on a variety of critical topics and will now include information on two areas of particular interest - CDO issuance and CMBS outstanding," says Jamie Woodwell, senior director, commercial/multifamily research.

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