RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
  • Alex Pettee, CFA

Real Estate Weekly Review: REITs Extend Rally To 6th Straight Week

To read the full article, visit Seeking Alpha!

  • The REIT rally continued into its sixth consecutive week, pushing their YTD gains to an impressive 14%. Moderate growth and low inflation have been ideal conditions for real estate outperformance.

  • Not to be outdone, homebuilders and housing stocks delivered another stellar week. The 30-year mortgage rate dipped to the lowest level since February 2018.

  • Within the housing sector, the real estate technology and home furnishings sectors have been particularly strong in 2019. Redfin gave an upbeat outlook on housing markets on their earnings call.

  • Clashing with other data points showing a decent-to-strong holiday shopping season, December retail sales were disappointing, calling into question the accuracy of the data amid the shutdown.

  • Inflation data has moderated in recent months after peaking in mid-2018. Housing inflation (42% of CPI) remains the primary driver of total inflation, a result of a lingering supply shortage.

high yield REIT investing hoya capital logo.png

Hoya Capital Research & Index Innovations is an affiliated index provider and research firm that builds custom indexes tracking U.S. commercial and residential real estate sectors, including indexes tracked by exchange-traded funds (ETFs). 

Hoya Capital Research & Index Innovations