Real Estate Daily Recap: REITs End Lower, Homebuilders Finish Slightly Higher

March 18, 2019 | Hoya Capital

Real Estate Daily Recap: REITs End Lower, Homebuilders Finish Slightly Higher Uncategorized Mar 18 Written By The REIT ETFs (VNQ and IYR) declined 0.7% on the day, dragged down by the manufactured housing, healthcare, and apartment REIT sectors. Data center and hotel REITs were the top-performing REIT sectors on the day. The S&P 500 climbed 0.4% on the day while the Nasdaq climbed by 0.2%. At 2.60%, the 10-Year Yield climbed 1 basis point on the day.

Within the Hoya Capital US Housing Index, seven of the eight industry sectors finished to the upside. The home improvement retail and mortgage lending sector were the leaders on the day, with Watsco (WSO), ReMax (RMAX), MGIC (MTG), and Trex (TREX) leading the way. The residential REIT sector was the laggard on the day within the Hoya Capital US Housing Index. HCP (HCP), Welltower (WELL), and Aimco (AIV) were among the laggards, along with home furnishings companies Overstock (OSTK), and Bed Bath & Beyond (BBBY).

Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Real Estate Daily Recap: Down Day for Real Estate, But REITs and Homebuilders Remain Among The Top-P Next Next Net Lease REITs: 'Power 3' O, NNN, STOR Lead The Surge