Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Investments / The Ticker

Nonresidential construction expected to pick up in 2014

Rising CMBS issuance prompts uptick rumors

money clock
/ Print / Reprints /
| Share More
/ Text Size+

Analysts with Fitch Ratings expect U.S. nonresidential construction activity to pick up more speed heading into 2014, the ratings giant said Monday.

More banks are lending in the space and commercial mortgage-backed securities issuance is on the rise, said Robert Rulla, a director with Fitch.  

"After a slow start, Fitch is projecting private non-residential construction will grow 2% in 2013 and 5% in 2014,” Rulla projected.

Comments powered by Disqus