Rate updates, retail resilience, and housing pipelines

We break down the Federal Reserve’s latest rate decision, the release of their minutes, the press conference, and the updated Summary of Economic Projections. We’ll also take a look at key macroeconomic highlights from the past week, including retail sales, housing data, and insights from regional Fed surveys and indices. Finally, we sift for some key takeaways from the Mortgage Bankers Association’s Q4 2024 report on commercial mortgage debt outstanding.

Key Moments:

01:36 Federal Reserve Rate Decision and Economic Projections

06:27 Impact on Commercial Real Estate

08:18 Macro Highlights: Retail Sales and Housing Data

10:44 Manufacturing Indexes and Industrial Real Estate

19:41 Financial Conditions and Stress Indexes

24:18 Mortgage Bankers Association Q4 Report

29:07 Upcoming Conferences and Events

Resources Mentioned:

FOMC meeting – https://www.federalreserve.gov/monetarypolicy/fomcpresconf20250319.htm

Advance Monthly Sales For Retail And Food Services, February 2025 -  https://www.census.gov/retail/marts/www/marts_current.pdf

Monthly New Residential Constructino, February 2025 - https://www.census.gov/construction/nrc/current/index.html

Empire State Manufacturing Survey -  https://www.newyorkfed.org/survey/empire/empiresurvey_overview

Philly Fed Manufacturing Business Outlook Survey - https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/manufacturing-business-outlook-survey

Mortgage Bankers Association’s Commercial/Multifamily Mortgage Debt

Outstanding quarterly report - https://www.mba.org/news-and-research/newsroom/news/2025/03/18/commercial-and-multifamily-mortgage-debt-outstanding-increased--47.7-billion-in-third-quarter-of-2024

Email us - altusresearch@altusgroup.com

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property