Weekly Report: what happened at RSPR last week (1120-1124)?

Macro: Thanksgiving Week Releases

Chicago fed activities index shows an expected drop in october versus strong september. Existing home sales sales are down again and inventory is up. Unemployment claims were the best number of the week. Fuel prices are continuing down and are expected to continue to fall in the coming months.

REITs continue to gain ahead of holiday season

Financials reits continue to gain ahead of holiday season. Consumers spent $5.6b online on thanksgiving day, up 5.5% from last year. Initial jobless claims decreased and mortgage applications rose to highest level in 6 weeks. Thanksgiving sales and strong macroeconomic data helped the broader markets.

Home Sales Collapse, Prices Drop Further, Supply Jumps. People Are Finally On Buyers' Strike

National median price of existing homes of all types dropped to $391,800, down by 5.1% from the peak in june 2022. Sales of previously owned houses, condos, and co-ops in october have collapsed to levels not seen since the housing bust. Active listings jumped by 5% for the month to 737,000.

Weekly Report: what happened at RSPR last week (1113-1117)?

Macro factors, solid Q3 earnings push REITs up

Reits gained in the week ended nov. 17 on the back of a 'likely no more rate hikes scenario' and solid q3 earnings results. Homebuilder, real estate, mortgage reit stocks surged after cpi report indicated inflation is continuing to ease. Infrastructure and office reits were the biggest gainers of the week.

No Bad Sentiment In The Northeast

Nahb's housing market index dropped to 34 in november and is only three points above the low from last december. Regional homebuilder sentiment was more peculiar with historic declines in the midwest, west, and south. The northeast went in the complete opposite direction as sentiment rose by 7 points.

REITs raise $347M in October, down 65% from September

Financials reits raise $347m in october, down 65% from september. National association of real estate investment trusts says the sector raised $347 million in october. The sector saw 2 capital offerings, down 53.73% from $750 million in the year-ago month.

Weekly Report: what happened at RSPR last week (1106-1110)?

REITs decline after posting mixed earnings

Financials reits decline after posting mixed earnings this week. Orion office reit, national health investors and starwood property trust reported mixed q3 earnings. S&p 500 gained by 1.31% this week as the broader markets gained. Ftse nareit all equity reit index fell by 2.62%.

U.S. Could Soon See 2% Inflation

The fed last hiked rates in july and since then financial and credit conditions have tightened. Inflation is expected to rise to 2% in the u.s. In the next few months. In the past year, inflation has been below the fed's 2% target.

New Home Prices Falling Slowly, Still Fully Unaffordable

Construction Spending Rises

History of construction spending tends to weaken prior to recessions. recent dip in residential construction attributed to rise in mortgage rates. manufacturing construction has risen 125% over the same time frame. total construction spending remains in a strong uptrend despite analyst's forecasts for recession. todd sullivan says construction spending has risen 20% since september.

Weekly Report: what happened at RSPR last week (1030-1103)?

REITs outperform broader markets

Financials reits outperform broader markets this week. federal reserve kept its policy rate at 5.25%-5.50% for the second straight meeting. office was the biggest gainer among subsectors, followed by hotel and hotel reits.

3 Reasons To Consider Real Estate Credit Now

Economic And Financial Markets Review, October 2023

The State Of REITs: October 2023 Edition

Weekly Report: what happened at RSPR last week (1023-1027)?

Broader markets hurt REITs despite solid earnings