Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

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  • Alex Pettee, CFA

Jobs Rebound | REITs Lead Week's Rally | Rent Collection Updates

Daily Recap

  • U.S. equity markets gained on Friday, finishing the week sharply higher after a jam-packed slate of employment data painted a generally optimistic picture of the state of the economic recovery.

  • Finishing the week with gains of more than 4%, the S&P 500 finished higher by 0.5% today while the Dow Jones Industrial Average gained 92 points following yesterday's 78-point decline.

  • Ending the week with strong gains of 5.2%, the broad-based Equity REIT ETFs finished off by 0.3% on the day with 12 of 18 property sectors in negative territory.

  • This week's gains were bolstered by an encouraging slate of employment data, capped off by a very strong BLS payrolls report today. The U.S. economy added 4.8 million jobs in May - the single-largest month of job growth ever.

  • This follows ADP data yesterday which showed that 2.3 million jobs were added in June. We'll have a full analysis of this week's economic data in our Real Estate Weekly Outlook published on Saturday morning.

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Hoya Capital Real Estate, LLC

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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.

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