Real Estate Daily Recap: REIT ETFs Up 0.5%, Homebuilder ETFs Climb Another 1%

Uncategorized
Written By

The REIT ETFs (VNQ and IYR) continued their strong performance, ended the day higher by another 0.5% and pushing their YTD gains to above 12%. The mall, cell tower, manufactured housing, and apartment REITs led the way.

The Homebuilder ETFs (XHB and ITB) finished higher by 0.9% and pushed their YTD gains above 15%. Within the Housing Index, the Technology & Brokerage sector led the way with strong performance from Corelogic (CLGX), Redfin (RDFN), and Zillow (Z). Leggett & Platt (LEG) led the gains on the day, surging nearly 10% following better-than-expected earnings.

Previous

Real Estate Daily Recap: REITs Retreat 0.5%, Homebuilders Dip 2.5%
Next

Real Estate Daily Recap: REITs Climb 0.9%, Homebuilders Finish Lower by 0.8% on Busy Day of Earnings