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MBA Sees CRE Mortgage Volume Declining from 2021
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, down 14% from 2021’s $891 billion, according to an updated baseline forecast from the Mortgage Bankers Association (MBA).
Multifamily lending alone is expected to drop to $455 billion in 2022, a 7% decline from last year’s record $487 billion. MBA anticipates borrowing and lending will rebound in 2023 to $848 billion in total commercial real estate lending and $451 billion in multifamily lending.
“MBA’s CREF Forecast is based on our baseline economic forecast, but the outlook is particularly uncertain right now,” said Jamie Woodwell, MBA’s VP for commercial real estate research. “Different macroeconomic paths could lead to very different outcomes around the demand for and supply of commercial mortgage debt. Should the economy enter a recession, which has become considerably more likely, commercial and multifamily borrowing and lending would likely be further constrained.”
- ◦Financing
- ◦Economy
