WASHINGTON, DC -- 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.
Among the findings covered in the fourth quarter Data Book:
The U.S. economy, as
measured by the real gross domestic product, grew by 0.4 percent during the
quarter.
Office vacancy rates fell from 17.2 percent in the
third quarter to 17.1 in the fourth (down from a cycle high of 17.6 percent).
Retail vacancies dropped from 10.8 percent to 10.7 percent (down from a cycle
high of 11.1 percent).
The multifamily vacancy rate fell from 4.7 percent in
the third quarter to 4.5 percent in the fourth (down from a cycle high 8.0
percent).
Commercial and multifamily mortgage originations were
49 percent higher than during the third quarter of 2012 and 49 percent higher
than during the fourth quarter of 2011.
Commercial and multifamily mortgage debt outstanding
increased by $21.8 billion, or 0.9 percent, in the fourth quarter of 2012, as
all four major investor groups increased their holdings.
The fourth quarter saw the largest increase in commercial
and multifamily mortgage debt outstanding since 2008. Bank-held commercial
mortgages increased by the largest amount since 2008.
The balance of loans held in CMBS rose by the most since
2007 and the balances of loans held by life companies and held or guaranteed by
Fannie Mae, Freddie Mac and FHA continued their multi-year increases.
Delinquency rates continued to decline for commercial and
multifamily mortgage loans in the fourth quarter of 2012.
For a complete copy of the company’s news release, please
contact:
Matt Robinson
(202) 557-2727
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