Real Estate Daily Recap: Strong Week For Housing As Homebuilders Lead Friday's Rally
Finishing a rather quiet week, the Hoya Capital US REIT Index finished the day slightly lower, retreating 0.2% and finishing the week roughly flat. The hotel, student housing, and single family rental REIT sectors outperformed on the day while the timber, data center, and industrial REITs lagged. The S&P 500 finished higher by 0.5%, climbing to new record weekly closing highs while the Nasdaq finished higher by 0.6%. The 10-Year yield finished the day lower by 1 basis point, but climbed 6 basis points on the week.
The Hoya Capital US Housing Index finished the day higher by 0.9% and finished the week higher by 1.1%. Seven of the eight sectors finished in positive territory on the day led by the Home Improvement Retail and Homebuilding sectors. MDC Holdings, Meritage Homes, PulteGroup, led the gains on the week.
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, Timber, and Real Estate Crowdfunding.
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