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

Weekly Outlook: Housing Is Red Hot

  • U.S. equity markets snapped a three-week winning streak as escalating tensions with China, mediocre corporate earnings reports, and continued pandemic-related uncertainty counterbalanced another slate of stellar housing market data.

  • The S&P 500 declined by 0.3% this week as the tech-related "stay-at-home-winners" weighed on the large-cap index for the second-straight week while reopening-sensitive sectors continued to rally.

  • The steadfast strength of the U.S. housing market - perhaps the most economically-important asset class in the world - has seemingly held the fragile pieces of the global economy together.

  • New Home Sales surged nearly 14% in June while Existing Home Sales jumped almost 21%, the largest monthly gain on record. Homebuilders rallied as earnings reports confirmed the unremitting demand.

  • REITs delivered a mixed week as investors await an eventful earnings season. Five dozen REITs will report results next week across every major property sector with dividend cuts and rent collection in focus.

To continue reading, click here to visit Seeking Alpha!

REIT Forum HOYA AD.png