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CREF Forecast

By Jamie Woodwell
May 3, 2018

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CREF Forecast

Today, MBA released out most recent Commercial/Multifamily Real Estate Finance (CREF) Forecast. Lending terms remain extremely attractive, and we anticipate another strong year in 2018, although perhaps not quite as strong as 2017.

MBA projects CREF mortgage originations will decline slightly in 2018, ending the year at $519 billion, down two percent from the 2017 volumes. We expect originations to hold roughly steady in 2019.

Staff at MBA commercial/multifamily member firms can download a copy  of the report (login required) as part of their membership benefits. Check out the full forecast for more details, including:

  • Mortgage bankers' originations of multifamily mortgages are expected to be $231 billion in 2018, with total multifamily lending at $257 billion.
  • Multifamily lending is expected to hold roughly steady in 2019.
  • Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2018, ending the year seven percent higher than at the end of 2017.

Our updated forecast is benchmarked to our recently released Annual Volume Summation Report

If you have questions regarding commercial/multifamily research from MBA, or would like to participate in one of our surveys, please feel free to email us at crefresearch@mba.org

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