Real Estate Daily Review: REITs and Housing Deliver Strong Day, Led By Homebuilders
The Hoya Capital US REIT Index climbed 1.8% on the day with all REIT sectors finishing the day in the green. The healthcare, mall, and single family rental REIT sectors were the strongest performers, while the hotel and office sectors were the relative under-performers. The S&P 500 climbed 1.2% on the day while the Nasdaq ended the day higher by 1.6%. At 2.54%, the 10-Year Yield finished flat on the day.
On the day, the Home Improvement Retail and Homebuilder sectors were the two strongest performing industry sectors in the Hoya Capital US Housing Index. Williams Sanoma (WSM), Eagle Materials (EXP), DR Horton (DHI), Meritage (MTH), and Ventas (VTR) were the top performers on the day.
The Mortgage Lenders sector was the lone housing sector in negative territory, dipping 0.9% on the day. Regions Financial (RF), Huntington (HBAN), M&T (MTB), PNC Financial (PNC), and SunTrust (STI) were the weakest performers on the day.
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