Q2 Commercial/Multifamily Originations Up 7 Percent from a Year Ago
October 1, 2013
Commercial and multifamily mortgage originations were seven percent higher than during the second quarter last year, according to the Mortgage Banker Association’s second quarter 2013 Commercial Real Estate/Multifamily Finance Quarterly Data Book.
The report shows commercial and multifamily mortgage originations are 36 percent higher than the first quarter of 2013.
The report includes a summary of major trends and detailed charts and tables that provide current and historical information on the economy and commercial/multifamily real estate markets.
Other findings covered in the Data Book include:
- The U.S. economy grew at a seasonally adjusted annual rate of 2.5 percent in the second quarter, well above the 1.1 percent growth in the first quarter.
- The level of commercial/multifamily mortgage debt outstanding increased by $24.5 billion, or one percent, in the second quarter of 2013, as three of the four major investor groups increased their holdings.
- Delinquency rates for commercial and multifamily mortgage loans declined in the second quarter of 2013.