Real Estate Daily Recap: Market Rallies Back from Early Dip, REITs & Housing Finish Modestly Lower

Following a 1.0% gain last week, the Hoya Capital US REIT Index finished the day lower by 0.3%, climbing back throughout the day after an early sell-off on fears of a delay in the China/US trade deal. The manufactured housing and storage REIT sectors led the gains on the day while the industrial and healthcare REIT sectors lagged. At 2.50%, the 10-Year yield finished the day lower by 3 basis points. The S&P 500 finished the day lower by 0.4% after climbing 0.2% last week.

The Hoya Capital US Housing Index finished the day lower by 0.3% all eight sectors in negative territory. The Homebuilders and Real Estate Insurance sectors were the strongest relative performing segments. Wayfair, ZIllow, Overstock, and Tempur Sealy were the top-performers on the day.

The Homebuilding Products and Home Improvement Retail sectors were the relative laggards. At Home, Restoration Hardward, Park Hotels, and A.O. Smith were each down by more than 3% on the day.

It's a relatively quiet week for housing and economic data, highlighted by JOLTs data tomorrow, PPI data on Thursday, and CPI data on Friday.

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