Real Estate Daily Recap: Strong Start to the Week for REITs and Builders

March 11, 2019 | Hoya Capital

Real Estate Daily Recap: Strong Start to the Week for REITs and Builders Uncategorized Mar 11 Written By The REIT ETFs (VNQ and IYR) started the week on the right foot, climbing 1.3% on the day, led by the storage, data center, and healthcare REIT sectors. The S&P 500 climbed 1.5% on the day while the Nasdaq climbed by more ethan 2% after snapping it's 10-week winning streak last week.

At 2.64%, the 10-Year Yield remains within shouting distance of 52-week lows, but climbed 2 basis points on the day. The homebuilder ETFs (XHB and ITB) climbed roughly 2% on the day, led by Taylor Morrision (TMHC) and TRI Pointe (TPH) which each climbed more than 2.5%. Within the Hoya Capital Housing 100 Index, the homebuilding products and materials sector and real estate technology and brokerage sectors were among the top-performing sectors.

Eagle Materials (EXP), Leggett and Platt (PEG), and Whirlpool were among the laggards on the day. Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Real Estate Daily Recap: REITs Climb For Second Straight Day as Yields Decline Next Next Homebuilders: Relief Has Arrived