Strong Housing Data • Oil Rebounds • REIT Dividends

March 17, 2022 | Hoya Capital

Strong Housing Data • Oil Rebounds • REIT Dividends Real Estate Daily Recap Mar 17 Written By U.S. equity markets advanced for the third-straight day Thursday in another choppy session as strong housing and employment data in the U.S. eased some concerns over global stagflation. Pushing its week-to-date gains to roughly 5%, the S&P 500 advanced another 1.2% today while the tech-heavy Nasdaq 100 also gained 1.2%, pushing its weekly gains to over 6%.

Real estate equities were also broadly higher once again today with the Equity REIT Index gaining 1.4% with 18-of-19 property sectors in positive territory while Mortgage REITs advanced 0.2%. New home construction in the U.S. rebounded in February to the strongest pace since 2006, according to Housing Starts data this morning released by the Census Bureau, indicating continued resilient momentum behind the critical U.S. housing market. Lennar (LEN) advanced 1% today after reporting strong first-quarter results and boosted its full-year guidance for both deliveries and gross margins, commenting that the housing industry "continues to exhibit strong demand, outweighing supply." 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 advanced for the third-straight day Thursday in another choppy session as strong housing and employment data in the U.S. eased some concerns over global stagflation.

Pushing its week-to-date gains to roughly 5%, the S&P 500 advanced another 1.2% today while the tech-heavy Nasdaq 100 also gained 1.2%, pushing its weekly gains to over 6%. Real estate equities were also broadly higher once again today with ...