The Mortgage Bankers Association (MBA) has released its Commercial Real Estate (CRE)/Multifamily Finance Quarterly Data Book for 1Q11, showing the “turn of the real estate cycle.”

The economy hit its seventh consecutive quarter of positive growth, but did so at a less-than-optimum, revised, seasonally adjusted annual rate of 1.9%, the MBA said. While consumption and changes in inventory were also positive contributors, they failed to boost the CRE markets, the MBA said. High unemployment and a decline in government spending continue to hinder growth.

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