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

Goldilocks Job Report Revives Real Estate

  • After snapping a six-week winning streak on flaring geopolitical tensions, U.S. equity markets picked up where they left off in 2019 with broad advances and new record highs this week.

  • The S&P 500 gained 1.0% on the week while the tech-heavy Nasdaq climbed 2.0%. The 10-Year Treasury Yield ended the week higher by 4 basis points to close at 1.83%.

  • The BLS employment report showed that job growth was slightly weaker than expected in December while wage gains cooled to the slowest rate of growth since July 2018.

  • The "Goldilocks" jobs report was good news for real estate and other yield-sensitive equity sectors. REITs delivered a strong rally after the report to close the week in positive territory.

  • Homebuilders were the standout this week, surging nearly 3% on strong earnings reports from entry-level-focused homebuilders Lennar and KB Home, powered by low mortgage rates and strong demographic-driven demand.

To continue reading, click here to visit Seeking Alpha!

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