Keepin' It Real  

Economics, Housing, & Commercial Real Estate Analysis

ETF express.png
  • Alex Pettee, CFA

Real Estate Daily Recap: REITs Flat, Homebuilders Jump Despite Weak Home Sales Data

The REIT ETFs (VNQ and IYR) climbed by 0.2% on the day, led by strong performance in the mall, apartment, and student housing REIT sectors. Data centers and storage REITs finished the day on the downside following weak earnings results from CyrusOne (CONE) and ExtraSpace Storage (EXR). The S&P 500, meanwhile, retreated 0.4% on the day, as did the Nasdaq and Russell 2000. The 10-Year yield climbed three basis point to 2.69%.

The homebuilder ETFs (XHB and ITB) finished the day higher by roughly 1.6%, the strongest performing sector within the Hoya Capital Housing 100 Index. KB Homes (KBH), NVR (NVR), and Pulte (PHM) each climbed more than 1.5% on the day while residential REITs (REZ) also delivered a decent day, led by Park Hotels (PK), Aimco (AIV), and Equity Residential (EQR).

Existing home sales were weaker than expected in January, coming in at a rate of 4.94 million versus expectations of around 5.0 million. Home sales dipped 8.5% year-over-year on a seasonally adjusted basis and have recorded negative YoY growth in 11 straight months.

REIT Forum HOYA AD.png
  • Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon

Hoya Capital Real Estate, LLC

(833) HOYA-CAP

Hoya Capital Real Estate ("Hoya Capital") is an SEC-registered investment advisory firm that provides investment management services to ETFs, individuals, and institutions, focusing on portfolio and index management of publicly traded securities in the real estate industry. It is not possible to invest directly in an index. Index performance cited in this website or commentary does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. Nothing on this site nor any published commentary by Hoya Capital is intended to be investment, tax, or legal advice or an offer to buy or sell securities. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and should not be considered a complete discussion of all factors and risks. Data quoted represents past performance, which is no guarantee of future results. Investing involves risk. Loss of principal is possible. Investments in companies involved in the real estate and housing industries involve unique risks, as do investments in ETFs, mutual funds, and other securities. Hoya Capital has no business relationship with any company discussed/mentioned. Hoya Capital never receives compensation from any company discussed/mentioned. Hoya Capital, its affiliate, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and our published commentary. A complete list of holdings and other important disclosures and definitions are available by clicking the links below.

Privacy Policy 

 Client Relationship Summary 

Hoya Capital's ADV Part 2

Important Disclosures, Definitions, & List of Holdings 


The Easy Way To Invest In Real Estate