Real Estate Weekly: REITs And Homebuilders Power Stocks To Best Quarter In A Decade

March 30, 2019 | Hoya Capital

Real Estate Weekly: REITs And Homebuilders Power Stocks To Best Quarter In A Decade Uncategorized Mar 29 Written By Click to Read Full Article on Seeking Alpha! Real estate equities helped to power the US stock market to its best quarter in nearly a decade. REITs and homebuilders each ended the quarter up by more than 15%. The revival has been driven by receding interest rates and signs of solid macroeconomic and improving housing-related data.

Both the 10-year yield and 30-year mortgage rate remain near 14-month lows. The rally continued this week with REITs adding 1% and homebuilders jumping nearly 3%. Solid results from Lennar and KB Home confirmed recent optimism around the housing market. The trifecta of housing data - new home sales, housing starts, and home prices - was released this week. New home sales smashed through expectations, but starts and home prices remain soft.

For the single-family housing market, 2019 is so far looking a lot like 2015, when a sustained pullback in mortgage rates reignited the previously stumbling sector. 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 Flat, Housing Gains, Led By Redfin Next Next Real Estate Daily Recap: REITs and Homebuilders Finish The Week Higher Despite Modest Declines on Fr