The retail sector’s solid performance in recent quarters has been a welcome surprise, said Moody’s Analytics, New York.
Tag: Moodys Analytics
ADP: August Private-Sector Employment Up 374,000
In the first of three key snapshots of employment this week, ADP, Roseland, N.J., said private-sector employment increased by 374,000 jobs between July and August.
‘New Cracks’ in Affordable Housing Foundation
Fitch Ratings, New York, said the coronavirus pandemic “created new cracks” in the already fragile foundation of affordable housing.
‘No Signs of Slowing’ for Industrial Sector
The U.S. industrial market “shows no signs of slowing down,” with record-high asking rents and development activity and low vacancy levels, reported CBRE, Dallas.
CMBS Delinquency Rate Falls For Ninth Straight Month
The commercial mortgage-backed securities delinquency rate fell once again in March and most CMBS rating actions were affirmations, analysts reported.
Addressing America’s Affordability Crisis
Moody’s Analytics and the Urban Institute recently reported that more than 10 million U.S. renter households owe more than $5000 in back rent and fees as America’s affordability problem worsens during the pandemic. Analysts took on these and other issues in a lively session at the Mortgage Bankers Association’s CREF21 virtual convention.
Moody’s Analytics Forecasts 11% Drop in Retail Rents This Year
Pressured by rising e-commerce even before the COVID-19 crisis and now burdened with wide-scale store closures, retail rents could drop 11 percent in 2020, said Moody’s Analytics, New York.