Real Estate Weekly Review: Worst Week For REITs Of 2019, But Housing Outlook Strengthens

April 22, 2019 | Hoya Capital

Real Estate Weekly Review: Worst Week For REITs Of 2019, But Housing Outlook Strengthens Homebuilders Apr 22 Written By For the full report, click here to visit Seeking Alpha! After climbing for a remarkable thirteen out of the past fourteen weeks, REITs stumbled this week, dipping nearly 3% despite an otherwise solid start to earnings season. Economic growth expectations and interest rates in the US and abroad have marched higher over the past month, threatening to upset the 'Goldilocks' economic conditions that powered REITs.

Homebuilders rallied this week as the single-family housing market outlook continues to strengthen following a dismal 2018. Homebuilder sentiment climbed to six-month highs. Accelerating forward-looking housing market metrics, however, have not yet translated into starts and permitting data. Housing starts declined over the past twelve months for the first time in eight years. Retail sales data beat estimates in March, but the acceleration of 2018 continues to fade, along with optimism across many of the at-risk brick and mortar retail categories.

Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Real Estate Daily Recap: Another Tough Day for REITs and Housing As Earnings Kicks Into High-Gear Next Next Real Estate Daily Recap: REITs Climb 1%, But End Week Lower by 3%, Worst Week of 2019