IN THIS ISSUE
Updated CWCapital Delinquency Tracker
CRE Market catalysts as we move forward – Macro shifts in business models are one of our major concerns.
Feature – Applying the CWCapital Collateral Quality Index to Agency Multifamily Floaters.
In this issue of the CWCapital Markets Update, we review current performance, delinquencies, and developments across the commercial real estate market as the recovery from COVID-19’s disruption continues to accelerate.
The US has given some 338 million vaccine doses so far, with 68% of the over 18 population now with at least one dose, 59% fully vaccinated. Current average doses per day is approximately 500,000 per day, continuing a downward trend since April 2021’s peak of over 4 million. The economy is rebounding and shows continuing recovery from the depths of 2020’s pandemic and oil shock. Inflation is now a concern as renewed demand meets supply and pandemic-related logistics shortages drive up prices. We are of the belief that the inflation spike is temporary.
The commercial real estate market continues to undergo fundamental change. The way we use, demand, and value Hotel, Retail, and Office has already changed. Whether changes in e-commerce, travel patterns or work from home, these trends and forces impact the way we live, work and invest.