income builder 2021 24420.png
apartment REITs
homebuilders ETFs
single family rental REITs
manufactured housing REITs
student housing REITs
data center REITs
Cell tower REITs
net lease REITs
industrial REITs
storage REITs
office REITs
mall REITs
hotel REITs
Timber REITs
healthcare REITs
Billboard REITs
shopping center REIT
Casino REITs
cannabis REITs
farmland REIT investing
mortgage REITs
1/1

Explore our Real Estate Indexes

The Easy Way To Invest in Real Estate

RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
ETF express.png
  • Alex Pettee, CFA

Record Week For Stocks On Easy Monetary Policy And Uptrend In Housing Data

  • For full report, click here to visit Seeking Alpha!

  • US equity markets rallied to record highs on the week as investors cheered the dovish tack by the Federal Reserve, which indicated it’s ready to respond to softening global growth.

  • Geopolitical tensions heated up with Iran, sending crude oil prices surging more than 9% on the week. State-side, it was another week of “IPO Mania”.

  • Already pricing-in dovish monetary conditions, the recently high-flying REITs underperformed on the week despite a decline in the 10-year yield to the lowest weekly close since 2016.

  • Beginning to reflect the plunge in fixed mortgage rates this year, existing home sales and housing starts both exceeded estimates. Multifamily starts jumped to the highest monthly rate since 2016.

  • Single-family markets have yet to kick into high-gear, however, as homebuilder sentiment ticked lower in June. Homebuilders finished sharply lower on the week following a cluster of analyst downgrades.