Following a nearly 2% retreat yesterday, the Hoya Capital US REIT Index finished the day lower by 0.1% and is on pace for just it's fourth down-week this year. The cell tower, data center, and net lease REIT sectors led the gains on the day while the hotel, student housing, and single family rental REIT sectors lagged. At 2.48%, the 10-Year yield finished the day higher by 3 basis points. The S&P 500 finished the day lower by 0.2% after climbing 0.2% last week.

The Hoya Capital US Housing Index finished the day lower by 0.5% with seven of the eight sectors in negative territory. The Home Furnishings and Home Improvement Retail sectors were the strongest relative performing segments. Zillow, Beacon Roofing, At Home Group, and Wayafir were each up by 2% or more on the day.

The Homebuilding and Homebuilding Products sectors were the relative laggards. Overstock, Redfin, American Woodmark, and Owens Corning were each down by at least 2.4% on the day.

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

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