Real Estate Daily Recap: REITs End Day Higher, Homebuilders Flat
The REIT ETFs (VNQ and IYR) ended the day higher by nearly 1%, led by strength in the data center and single family rental sectors. Homebuilder ETFs (XHB and ITB) finished flat, while homebuilding products and materials companies ended the day higher. The Hoya Capital Housing Index finished higher by roughly 0.5%.
The S&P 500 and Nasdaq ended the day down roughly 1% as energy prices dipped. Interest rates remained steady across the yield curve with the 10-Year yield ended lower by 1 basis point. Earnings season ramps up this week with results from Equity Lifestyle, Boston Properties, Equity Residential, AO Smith, Eagle Materials, and Pulte Group all released over the next two days.
