Real Estate Daily Recap: REITs Finish Lower, But Housing Stocks Climb To Another Record
Following a 1.3% gain last week, the Hoya Capital US REIT Index finished the day lower by 0.2%, led higher by strong gains in the growth-oriented retail and hotel real estate sectors but dragged down by weak performance in the cell tower, manufactured housing, and data center sectors. The S&P 500 finished flat on the day while the Nasdaq declined by 0.2%.
The Hoya Capital US Housing Index finished higher by 0.8% to end the day at new all-time-record highs. The Home Furnishings and Mortgage Lenders and Servicers sectors led the way on the day while the Residential REIT sector lagged. Overstock, Realogy, At Home, Wayfair, M&T Bank, and Sleep Number were the best-performers on the day.
For an in-depth analysis of all real estate sectors, be sure to check out all of our quarterly reports: Apartments, Homebuilders, Student Housing, Single-Family Rentals, Manufactured Housing, Cell Towers, Healthcare, Industrial, Data Center, Malls, Net Lease, Shopping Centers, Hotels, Office, Storage, Timber, and Real Estate Crowdfunding.
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