CDC gives nod to vaccinated travelers, jobs growth surges, some opinions on housing and infrastructure, a CFPB warning, and three industrial REITs for investor consideration.
In Today's News
CDC Says Fully Vaccinated People Can Safely Travel
The CDC announced Friday that fully vaccinated individuals can safely travel inside the U.S. and internationally, ABC News reports, though they should still wear a mask when traveling on public transportation, including airplanes.
The Millionacres takeaway: This feels like one of those milestones in economic and social recovery from the COVID-19 pandemic and is very good news to, say, the hard-hit hospitality industry and its investors. There may well be more of the latter now. You can also read our Maurie Backman's take on this development.
U.S. Added 916,000 Jobs in March as Hiring Accelerated
Hiring accelerated last month to the best pace since August, the Wall Street Journal says [subscription required], which may mean a stronger rebound is underway that could deliver jobs to the industries, regions, and workers hardest hit during the coronavirus pandemic.
The Millionacres takeaway: An economy on the rise presents opportunities for investors, too, who can spot promising places to put their money, either in equities or real estate of all kinds.
Affordable Housing Shouldn't Be an Oxymoron
Biden's new $2 trillion-plus jobs plan recognizes that homes are part of the nation's infrastructure.
The Millionacres takeaway: This New York Times opinion piece puts in interesting perspective all those hundreds of billions committed to improving the nation's housing stock, if the American Jobs Plan comes to fruition.
Mortgage Firms Warned to Prepare for a 'Tidal Wave' of Distress
Mortgage companies could face penalties if they don't take steps to prevent a deluge of foreclosures that threatens to hit the housing market later this year, Bloomberg reports.
The Millionacres takeaway: The warning comes from the Consumer Financial Protection Bureau (CFPB), which already is taking a much more aggressive stance under the Biden administration. The "tidal wave" would be from the 2 million borrowers who may not be able to make it after forbearance agreements expire in September. How much this will roil a very hot housing market remains very much to be seen.
Today on Millionacres
3 Industrial REITs to Buy in April
For your spring-into-April consideration, we looked for some industrial REITs, or real estate investment trusts, that have good to very good yield histories and portfolios that promise to sustain that performance.
The Millionacres takeaway: We chose three that aren't among the usual big names mentioned in their niches but definitely deserve a look.