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  • Alex Pettee, CFA

Real Estate Daily Recap: REITs & Housing Rallies on Strong Earnings, Strong Pending Home Sales Data

The Hoya Capital US REIT Index finished the day higher by 1.2% led by the hotel, student housing, and industrial REIT sectors. All REIT sectors were higher on the day, but cell tower REITs were the relative laggards. The S&P 500 and Nasdaq each finished the day higher by 0.4%. The 10-Year yield retreated another 4 basis points on the day and remains near the lowest level in more than three years.

The Hoya Capital US Housing Index finished the day higher by 1.5%, led by the Homebuilding and Real Estate Technology & Brokerage sectors following solid earnings results from KB Home yesterday afternoon and strong pending home sales data this morning. Home Furnishings component Herman Hiller surged more than 17% following earnings results yesterday afternoon. Owens Corning, Taylor Morrison, American Woodmark, Restoration Hardware, and Sleep Number each finished higher by more than 4% in the housing sector.

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.

Disclosure: An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. The information presented does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. We consider the information in this presentation to be accurate, but we do not represent that it is complete. It should not be relied upon as the sole source of suitability for investment. Please consult with your investment, tax or legal adviser regarding your individual circumstances before investing. Visit our website for a complete definition of all indexes cited in this report. Investing involves risk and loss of principal is possible.

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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). 

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