Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom, Bust, and in Between by Wolf Richter • Feb 28, 2026 • 35 Comments Despite the hoopla about data centers, spending on factory construction was five times larger.
Single-Family & Multifamily Construction: Bring on the Supply just as Population Growth Slows to a Crawl by Wolf Richter • Feb 18, 2026 • 53 Comments This is precisely what this overpriced and frozen housing market needs.
Office CMBS Delinquency Rate Spikes to Record 12.3%, Much Worse than Financial Crisis Meltdown Peak by Wolf Richter • Feb 3, 2026 • 54 Comments Spike of defaults in January was triggered by two Manhattan office towers; one of them is heading to a foreclosure sale.
CMBS: “Commercial Mortgage BS” by John McNellis • Dec 5, 2025 • 36 Comments “We should have learned our lesson and sworn off CMBS forever”: McNellis, commercial real estate developer.
Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom at One End, Bust at the Other End by Wolf Richter • Nov 17, 2025 • 62 Comments But spending on factories dwarfs spending on data centers.
Who Takes the Losses on Office CRE? Here’s an Example: the Bankruptcy of Office Properties Income Trust by Wolf Richter • Nov 3, 2025 • 28 Comments Shareholders got wiped out, noteholders take losses and get the company, banks appear to be largely unscathed.
Office CMBS Delinquency Rate Hits Record 11.8%, Much Worse than Financial Crisis. Multifamily Delinquencies Soar to 7.1% by Wolf Richter • Nov 1, 2025 • 74 Comments Commercial real estate (CRE) loans on office and multifamily properties got further bludgeoned in October.
The Biggest Single-Family Rental Landlords and Multifamily Landlords in the US: Big Shifts Underway by Wolf Richter • Sep 15, 2025 • 101 Comments Single-family giants are selling houses they bought amid the Housing Bust and shifted to new construction of build-to-rent developments. Multifamily caught up in CRE turbulence.
RTO Has Stalled, There’s Been Hardly any Reduction in WFH since Early 2023 by Wolf Richter • Sep 10, 2025 • 98 Comments And there’s a big mismatch between what employers are offering and what workers want.
Office CMBS Delinquency Rate Spikes to Record 11.7%, Much Worse than Financial Crisis Peak. Multifamily Delinquencies also Spike by Wolf Richter • Sep 1, 2025 • 94 Comments Extend-and-pretend and forbearance deals widely implemented to “cure” delinquent CRE mortgages.
