NATNews Blog > November 2016 > Commercial/multifamily originations to grow 4 percent in 2017

    Commercial/multifamily originations to grow 4 percent in 2017

    11/8/2016 10:52:13 AM
    The Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $537 billion in 2017, an increase of 4 percent from expected 2016 volumes of $515 billion.  Mortgage banker originations of multifamily mortgages are forecast at $224 billion in 2017, with total multifamily lending at $272 billion. 
    "Commercial real estate markets are carrying a great deal of momentum as they close out 2016," said Jamie Woodwell, MBA's vice president of commercial real estate research. "Strong property fundamentals, increasing property values and sturdy sales activity – particularly among multifamily properties – are driving borrowing and lending to record levels.  While next year could bring a variety of different market conditions, we anticipate a growing economy, coupled with only gradual increases in interest rates, will continue to support strong commercial property, and property finance, markets." 
    Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2017, ending the year above $3 trillion, almost four percent higher than at the end of 2016. 
    MBA's commercial/multifamily members can download a copy of MBA's Commercial/Multifamily Real Estate Finance Forecast at