• Alex Pettee, CFA

REITs And Homebuilders Surge In January

Click to read the full report on Seeking Alpha!

  • Powered by the 100th consecutive month of job growth and an increasingly dovish Fed, the S&P 500 climbed 1.6% on the week and notched its best January in 30 years.

  • Coming off their worst year since the financial crisis, real estate equities led the charge in January. REITs rallied nearly 12% on the month while Homebuilders surged nearly 13%.

  • Jobs data continues to exceed estimates, powered by a slow march higher in labor force participation. Strong wage growth has gradually pulled discouraged workers back into the workforce.

  • Housing data was mixed this week. The shutdown-delayed November New Home Sales data exceeded expectations and far outpaced the private market estimates. Pending home sales, however, was significantly weaker than expected.

  • Sentiment around the US housing market has gradually improved as mortgage rates remain near ten-month lows. REIT and Homebuilder earnings reports so far have generally exceeded modest expectations.

#realestate #homebuidlers #housing #investing #REITs

Glass Buildings

Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

apartment REITs
homebuilders ETFs
single family rental REITs
manufactured housing REITs
student housing REITs
data center REITs
Cell tower REITs
net lease REITs
industrial REITs
storage REITs
office REITs
mall REITs
REIT Preferreds and Bonds
hotel REITs
Timber REITs
healthcare REITs
Billboard REITs
shopping center REIT
High-Yield Real Estate ETFs
Real Estate CEFs
Casino REITs
cannabis REITs
prison REITs
mortgage REITs
real estate crowdfunding
REIT Portfolio Strategy
REITs Taxes
HOMZ_Logo_Just Ticker.png
ETF express.png

Explore our Real Estate Indexes

The Easy Way To Invest in Real Estate

REIT Forum HOYA AD.png