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  • Alex Pettee, CFA

Real Estate Daily Recap: REITs Retreat 0.7%, Homebuilders Down 0.9%

The REIT ETFs (VNQ and IYR) retreated 0.7% on the day, dragged down by weak performance in the student housing, storage, and single family rental REIT sector. Hotel and data center REITs were the lone sectors in positive territory. The S&P 500, meanwhile, finished the day higher by 0.2% as the 10-Year yield climbed one basis point to 2.65%.

The homebuilder ETFs (XHB and ITB) finished the day lower by roughly 0.9%. Within the Hoya Capital Housing 100 Index, the Home Furnishings sector led the way, highlighted by La-Z-Boy (LZB), American Woodmark (AMWD), At Home (HOME), and Tempur Sealy (TPX) leading the way. Hotel REITs Host (HST) and Park (PK) also delivered a strong day.

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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). 

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