Real Estate Daily Recap: Another Solid Day for Real Estate, Led By Residential REITs
For the second straight day, the Hoya Capital US REIT Index finished the day higher by 0.5%, led by the single family rental, student housing, and manufactured housing REIT sectors. The timber, hotel, and mall REIT sectors lagged on the day. The S&P 500 finished higher by 0.1% while the Nasdaq finished higher by 0.5%. The 10-Year yield finished the day higher by 2 basis points.
The Hoya Capital US Housing Index finished the day flat, remaining with 0.1% of all-time record highs. Three of the eight housing sectors finishing in positive territory with Residential REIT and Mortgage Lending and Servicers sectors leading the way. Wayfair, Real Page, Zillow, Restoration Hardware, and Invitation Homes were each up at least 1% on the day.
For an in-depth analysis of all real estate sectors, be sure to check out all of our quarterly reports: Homebuilders, Apartments, Student Housing, Single Family Rentals, Manufactured Housing, Cell Towers, Healthcare, Industrial, Data Center, Malls, Net Lease, Apartments, Shopping Centers, Hotels, Office, Storage, and Real Estate Crowdfunding.
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