FHA extends foreclosure ban, REITs may see some relief, nonresidential construction declines, look to next year for self-storage stocks, and now's the time for TikTok.
In Today's News
Report: HUD to Extend FHA Evictions and Foreclosure Ban
The U.S. Department of Housing and Urban Development (HUD) says it will extend its ban on evictions and foreclosures in FHA-backed housing through the end of 2020, according to Politico.
Why it matters: Along with similar bans by Fannie Mae and Freddie Mac, this may be kicking the can down the road when it comes to the inevitable consequences for many homeowners and housing markets, and with 8.1 million FHA loans out there, that could be a pretty big can.
Retail REIT Relief: Rebound Continues in Consumer Spending
The COVID-19 pandemic seems to have either loosened enough or simply gone on long enough that American consumers are apparently experiencing a record rebound in retail spending, Nareit says in a new report.
Why it matters: The Nareit trade group says this and other indicators of economic recovery provide good news for investors who have seen real estate investment trust (REIT) stocks crater and, in some cases, their payouts dry up.
Nonresidential Construction Industry Decline Seen Through Next Year
Shutdown orders and a decline in demand in the retail sector were the main reasons nonresidential construction is expected to decline by up to 15% this year, according to the JLL Construction Outlook.
Why it matters: The report also says not to expect significant pickup in that activity until the third quarter of 2021 and that labor costs and materials are already declining. Now might be a good time for investors and property managers to get some work done.
Today on Millionacres
Why 2021 Could be a Great Year for Self-Storage REITs
While down in the dumps now, next year could be a big turnaround for self-storage businesses and the REITs that hold them.
Why it matters: Millionacres' Matthew DiLallo shares some insight on why this sector might be good for a rally and who are some of the stronger players that could merit a serious look for fresh buying.
Should Real Estate Investors Use TikTok?
The hugely popular video app is widely used among the younger set, but its spreading use among millennials makes it an attractive option for marketing homes, says Millionacres' Barbara Zito.
Why it matters: Every marketing edge matters when it comes to getting the word out on your property for sale. Might as well consider using this one while the using's good, since the Trump administration has said it will shut down the Chinese-owned operation in the U.S. unless it finds an American buyer.