Net lending by banks to commercial real estate in May reached its highest level since December 2025, at $15.4bn. Both multifamily and other commercial sectors saw their highest monthly net lending since December. That took the amount outstanding to $5.79trn. Meanwhile, lending secured against residential assets fell for the third straight month, taking the total reduction in outstanding residential loans over the last three months to $4.7bn – not a huge reduction but contrasting markedly with the increase of $18.3bn over the previous three months.
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