The retail sector’s solid performance in recent quarters has been a welcome surprise, said Moody’s Analytics, New York.
Tag: Moodys Analytics
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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.
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‘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.
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‘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.
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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.
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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.
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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.