(Read more on the multifamily market.)

OAKLAND, CA-Construction loan delinquency rates are up for all property types but the steepest increase has been in the condominium market, according to a new report from Foresight Analytics. The locally based firm provides real estate market analysis and forecasting for institutions, lenders and developers.

Outstanding condo construction loans at the end of the third quarter totaled $42.7 billion, 5% less than the end of 2006. The current delinquency rate, however, is much higher, standing at 5.9% compared to 2.5% at the end of 2006, according to the report.

"Delinquency rates will continue to go up for single-family homes and condos over the next several quarters, in part due to additional amounts going delinquent and a declining balance of loans outstanding," Foresight partner Matthew Anderson tells GlobeSt.com. "The outlook for apartment lending is relatively stable in the near term and commercial lending will continue to rise, albeit it at a slower pace because some banks don't have as much balance sheet capacity due to the contraction of the secondary market."