Solid Home Sales • Mortgage REIT Update • Week Ahead

June 27, 2022 | Hoya Capital

Solid Home Sales • Mortgage REIT Update • Week Ahead Real Estate Daily Recap Jun 27 Written By U.S. equity markets finished mostly lower Monday following strong gains in the prior week as investors looked ahead to a potentially consequential slate of inflation and economic data this week. Following gains of nearly 7% last week- just its second positive week in the past twelve- the S&P 500 finished lower by 0.3% but the Mid-Cap Small-Cap Indexes posted gains.

Real estate equities also posted mixed performance today as gains from residential REITs and homebuilders were offset by declines from industrial and technology REITs. Homebuilders were again notable outperformers today following better-than-expected Pending Home Sales data which followed similarly solid Existing and New Home Sales data last week and surprisingly strong results from two of the largest homebuilders. Invesco Mortgage (IVR) - one of the more highly-levered REITs which has experienced sharp swings over the past two weeks amid the interest rate volatility - provided a business update after the close today.

IVR held its dividend steady while providing an updated BVPS that is above analyst consensus. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research. Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging.

If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets finished mostly lower Monday following robust gains in the prior week as investors looked ahead to a potentially consequential slate of inflation and economic data in the week ahead. Following gains of nearly 7% last week - which was just its second positive week in the past twelve - the S&P 500 finished ...