Commercial Real Estate & Business News – August 10, 2021

Retail sales in July got a big boost from the Child Tax Credit and pent-up consumer demand, posting their 11th consecutive month of growth. That’s according to Mastercard SpendingPulse, which reported that U.S. retail sales (excluding auto and gasoline) rose 10.9% in…»

Delinquency rates for mortgages backed by commercial and multifamily properties reached their lowest point since the onset of the COVID-19 pandemic, the Mortgage Bankers Association (MBA) reported. As July ended, 95.5% of outstanding loan balances were…»

Multifamily lenders provided a total of $359.7 billion in new mortgages for apartment buildings with five or more units in 2020, the Mortgage Bankers Associated reported Thursday. The tally was just 1% below 2019’s record level of…»

The latest Dodge Momentum Index for July marked the second month of slowdowns for nonresidential construction planning. The Momentum Index from Dodge Data & Analytics dipped to 155.8 in July, a six percent decline from June’s reading of…»

ThinkWhy, a Dallas-based SaaS company focused on creating a new generation of AI-driven labor market solutions, released its U.S. labor market rankings following today’s announcement from the Bureau of Labor Statistics that the U.S. economy added 943,000 jobs in…»