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Commercial real estate loan standards
Commercial real estate loan standards is +15.5% net and has been rising over the last 3 months. That is in its normal range: higher than 62% of readings since 2013.
Latest (latest reading)
+15.5% net
As of
Q4 2026
3-month change
+19 % pts
1-year change
+8.90 % pts
20-year percentile
62nd
20-year median
+11.8% net
What it is. Net share of banks tightening loans for construction and land development (from 2013). A higher reading means more credit stress in the Credit reading.
What it affects next
Commercial real estate loan standards is rising: +15.5% net (+19 % pts in 3 months, 62nd 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 SUBLPDRCSC).