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Real Estate Daily Recap: Strong Week For Housing As Homebuilders Lead Friday's Rally

Finishing a rather quiet week, the Hoya Capital US REIT Index finished the day slightly lower, retreating 0.2% and finishing the week roughly flat. The hotel, student housing, and single family rental REIT sectors outperformed on the day while the timber, data center, and industrial REITs lagged. The S&P 500 finished higher by 0.5%, climbing to new record weekly closing highs while the Nasdaq finished higher by 0.6%. The 10-Year yield finished the day lower by 1 basis point, but climbed 6 basis points on the week.

The Hoya Capital US Housing Index finished the day higher by 0.9% and finished the week higher by 1.1%. Seven of the eight sectors finished in positive territory on the day led by the Home Improvement Retail and Homebuilding sectors. MDC Holdings, Meritage Homes, PulteGroup, led the gains on the week.

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, Timber, and Real Estate Crowdfunding.

Disclosure: An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. The information presented does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. We consider the information in this presentation to be accurate, but we do not represent that it is complete. It should not be relied upon as the sole source of suitability for investment. Please consult with your investment, tax or legal adviser regarding your individual circumstances before investing. Visit our website for a complete definition of all indexes cited in this report. Investing involves risk and loss of principal is possible.