Rents Keep Rising • China Lockdowns • Week Ahead

March 28, 2022 | Hoya Capital

Rents Keep Rising • China Lockdowns • Week Ahead Real Estate Daily Recap Mar 28 Written By U.S. equity markets finished higher Monday in another choppy session as bond yields stabilized while energy prices retreated sharply after China initiated rolling COVID lockdowns in Shanghai. Adding to two-straight weeks of gains and continuing the "top-heavy" performance pattern, the S&P 500 advanced 0.7% today while the tech-heavy Nasdaq 100 rallied 1.6%, but Small-Caps slipped 0.4%.

Real estate equities were among the leaders today as the Equity REIT Index advanced 1.1% with 13-of-19 property sectors in positive-territory while Mortgage REITs advanced 0.1%. Zumper’s National Rent Report showed that through the first three months of the year, 2022’s national rent growth is outpacing 2021’s rent growth, rising nearly 13% from last year. Employment data highlights another busy week of economic data in the week ahead, headlined by ADP Employment data on Wednesday, Jobless Claims on Thursday, and the BLS Nonfarm Payrolls report on Friday.

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U.S. equity markets finished higher Monday in another choppy session as bond yields stabilized while energy prices retreated sharply after China initiated COVID rolling lockdowns in Shanghai. Adding to two-straight weeks of gains and continuing the "top-heavy" performance pattern, the S&P 500 advanced 0.7% today while the tech-heavy Nasdaq 100 rallied 1.6%, extending a rally of over 14% from its recent lows earlier this month. Real estate equities were among the leaders today as the Equity REIT Index advanced 1.1% with ...