Jobs Report • Tech Trouble • Apartment Rents Soar

January 7, 2022 | Hoya Capital

Jobs Report • Tech Trouble • Apartment Rents Soar Real Estate Daily Recap Jan 7 Written By Summary U.S. equity markets finished lower for the fourth-straight day Friday after mixed employment data appeared to be just enough to keep the Fed on course to hike rates in March. Ending the week with cumulative declines of 2%, the S&P 500 slipped another 0.4% today while the tech-heavy Nasdaq declined another 1.1%, ending the week with declines of nearly 5%.

After posting the strongest gains of any asset class in 2021, real estate equities had a rough start to 2022, posting their worst weekly declines since October 2020, lower by 4.3%. The U.S. economy added just 199k jobs in December - well below the consensus expectations of 400k, but prior months were revised higher by 141k. The unemployment rate ticked below 4% but the labor force participation rate remained stubbornly depressed.

RealPage reported today that apartment demand soared in 2021 to the highest levels on record. Remarkably, occupancy rates hit or top 96% in 148 of the nation’s 150 largest metro areas. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research. Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging.

If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets finished lower for the fourth-straight day Friday after mixed employment data appeared to be just enough to keep the Fed on course to hike interest rates in the March meeting. Ending the week with cumulative declines of roughly 2%, the S&P 500 slipped another 0.4% on the day while the tech-heavy Nasdaq 100 declined another 1.1% to end ...