Multifamily loan growth slowed in the final quarter of 2016 to the lowest pace in over three years. Aggregate multifamily loans at U.S. banks and thrifts hit $382.72 billion as of Dec. 31, up 2.3% from the previous quarter and 11.2% from the year-ago quarter. This was the slowest quarter-over-quarter growth since the first quarter of 2013 and slowest year-over-year growth since the third quarter of 2013.
Delinquent multifamily loans accounted for 0.31% of total multifamily loans as of Dec. 31, unchanged since the third quarter, but down 10 basis points from a year ago.
