Real Estate & Construction News Roundup (6/4/24) – New CRE Litmus Tests, Tech Integration in Real Estate and a Jump in Investor Home Purchases
In our latest roundup, big bank exposure to CRE lending grows, concerns for the construction industry abound, U.S. hotel securitized loans come due, and more!
- At some of the world’s biggest banks, loans to commercial real estate face new litmus tests that promise to shape the sector’s access to financing. (Frances Schwartzkopff and Gautam Naik, Bloomberg)
- Big banks’ exposure to CRE lending grows by about 40% when indirect lending to REITs is added. (Todd Gillespiev, Bloomberg)
- Cybersecurity threats, cost overruns, high interest rates, labor shortages and an economic downturn dominate the concerns of the construction industry. (Sebastian Obando, Construction Dive)
- Halfway through the five-year Infrastructure Investment and Jobs Act, less than half of the funding has been announced. (Julie Strupp, Construction Dive)
- Experts say that while the housing market has multiple issues, it’s hard to determine if real estate investor activity is truly deterring people from becoming homeowners across the U.S. (Ana Teresa Solá, CNBC)
- Tech leaders took the stage at the 2024 REALTORS Legislative Meetings to discuss the integration of cutting-edge technologies such as artificial intelligence and augmented reality into real estate business practices. (National Association of REALTORS)
- Some $5.8 billion worth of U.S. hotel securitized loans will come due for repayment later this year, requiring full payment, refinancing, extension or sale. (Jenna Walters, Hotel Dive)
