Real Estate Daily Recap: REITs End Down Week on Positive Note
The Hoya Capital US REIT Index finished the day higher by 0.6% led by the manufactured housing, industrial, and data center REIT sectors. All REIT sectors besides the cell tower sector were higher on the day. The S&P 500 finished up by 0.6% while the Nasdaq finished higher by 0.1%. The 10-Year yield finished the week flat at 2.00% after hitting the lowest level in more than three years earlier this week.
The Hoya Capital US Housing Index finished the day higher by 1.0% with all eight housing sectors finishing in positive territory. The Housing Industry was led by the Homebuilding Products and Real Estate Technology & Brokerage sectors. Eagle Materials, Zillow, Realogy, and Sleep Number were among the strongest performers on the day.
For the week, REITs ended lower by more than 2.5%, dragged down by the cell tower, net lease, and shopping center sectors. The Hoya Capital US Housing Index finished the week higher by 0.3%, led by the Homebuilding Products and Home Furnishings sectors. Stay tuned for the complete weekly update published tomorrow.
For an in-depth analysis of all real estate sectors, be sure to check out all of our quarterly reports: Homebuilders, Apartments, Student Housing, Single Family Rentals, Manufactured Housing, Cell Towers, Healthcare, Industrial, Data Center, Malls, Net Lease, Apartments, Shopping Centers, Hotels, Office, Storage, and Real Estate Crowdfunding.
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