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Commercial real estate loan demand
Commercial real estate loan demand is -25.9% net and has been falling over the last 3 months. That is low by historical standards: higher than 21% of readings since 2013.
Latest (latest reading)
-25.9% net
As of
Q4 2026
3-month change
−15 % pts
1-year change
−21 % pts
20-year percentile
21st
20-year median
-9.3% net
What it is. Net share of banks seeing stronger construction and land development loan demand (from 2013). A higher reading means less credit stress in the Credit reading.
What it affects next
Commercial real estate loan demand is falling: -25.9% net (−15 % pts in 3 months, 21st percentile of the last 20 years). Here is what has tended to follow, based on links the data backs up.
No tested downstream links to trace yet.
What is driving it
None of its tested drivers is moving much right now.
Source: Federal Reserve Senior Loan Officer Survey via FRED (series SUBLPDRCDC).