Keepin' It Real  

Economics, Housing, & Commercial Real Estate Analysis

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
REIT Preferreds and Bonds
hotel REITs
Timber REITs
healthcare REITs
REIT ETFs
Billboard REITs
shopping center REIT
High-Yield Real Estate ETFs
Real Estate CEFs
Casino REITs
cannabis REITs
prison REITs
mortgage REITs
real estate crowdfunding
REIT Portfolio Strategy
REITs Taxes
1/1
Housing100logo.png
ETF express.png
  • Alex Pettee, CFA

REITs Rally | Housing Heats-Up | Earnings On Tap

Daily Recap

  • U.S. equity markets finished higher for the fourth-straight on Wednesday as a strong slate of housing data and corporate earnings reports offset continued concerns over the coronavirus pandemic.

  • Following gains of 0.2% yesterday, the S&P 500 finished higher by 0.6% today. REITs led the gains today with 17 of 18 property sectors in positive territory as earnings heat-up.

  • Homebuilders surged more than 5% today as the housing industry continues to lead the economic recovery. Homebuilder NVR jumped 10% after reported an unexpectedly strong rise in net orders.

  • Existing Home Sales surged nearly 21% in June compared with May, according to the National Association of Realtors, which was the largest monthly gain on record.

  • The strong trends look poised to continue as mortgage applications to purchase a home rose again last week and are now higher by 19% from the same time last year.

To read the full report, click here to visit Seeking Alpha!

REIT Forum HOYA AD.png