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

REITs Surge On Strong Housing Data, Reopening Optimism [Daily Recap]

  • U.S. equity markets surged on Monday on rising optimism of a V-shaped economic recovery as states and countries around the world accelerate the reopening process as coronavirus cases continue to decline.

  • Adding to gains of 3.2% last week, the S&P 500 jumped another 1.2% on the day, briefly reclaiming the 3,000-level, while the Dow Jones Industrial Average finished higher by 530-points.

  • Following last week's 7% surge, the broad-based Equity REIT ETFs finished higher by another 4.3% while Mortgage REIT ETFs gained by 4.2% to add to last week's 11% gains.

  • Housing-related stocks were again among the leaders today after New Home Sales data smashed expectations, recording a month-over-month gain in April versus expectations of a sharp decline.

  • Fresh data today from Zillow provided further confirmation of a strong rebound in housing market activity. Zillow noted that newly pending sales are up 13% week over week and nearly 50% over the last month through early May.

Real Estate Daily Recap

U.S. equity markets surged on Monday on rising optimism of a V-shaped economic recovery as states and countries around the world accelerate the reopening process as coronavirus cases continue to decline. Adding to gains of 3.2% last week, the S&P 500 ETF (SPY) jumped another 1.2% on the day, briefly reclaiming the 3,000-level while the Dow Jones Industrial Average (DIA) finished higher by more than 500 points. Following last week's 7.0% surge, the broad-based Equity REIT ETFs finished higher by another 4.3% on the day led by a continued rebound in many of the most beaten-down property sectors including retail, hotel, and student housing REITs while Mortgage REIT ETFs gained by 4.2% to add to last week's 11% gains. 

Click here to read the full report on Seeking Alpha!