Multifamily

Market rate developers would have to make 18% of rental units affordable to low- and moderate-income households under an ordinance the San Francisco Planning Commission approved.

The New York bank has rapidly expanded its commercial real estate lending over the last several years, but now it is ready to slow down a bit and add more commercial and industrial loans to the mix.

Rent increases have slowed across the metro area and have even fallen in some areas, according to the apartment industry association Multifamily NW.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

More renters are optimistic about their financial situations and expect to stay where they are even if their rents increased.

Commercial and multifamily mortgage bankers originated $490.6 billion closed loans in 2016, making it the third strongest year on record despite the pressure higher rates have put on volume.

The strongest pace of single-family homebuilding in nearly a decade drove residential housing starts to a four-month high in February.

Vacancies and rent-slashing have some banks worried that certain markets are overheating, but others say the decline in nonperforming loans is a sign the sector has never been healthier.