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U.S. New Home Market Shrinks Again In February 2024
The size of the U.S. New home market as measured by its market capitalization shrank for the fifth month in a row. The average price of a new home sold in February 2024 is expected to be $485,000. Sales of new homes unexpectedly fell in February. The median new house price is the lowest in more than two years.
Seeking Alpha · 6h ago
REITs said to have reduced February capital offering activities by about half
Financials REITs said to have reduced February capital offering activities by about half in February. U.S. Equity real estate investment trusts raised $3.54B during the month, down from $7.14B in January. Debt offerings worth $2.26B were issued.
Seeking Alpha · 2d ago
Office REITs post drop in Q4 occupancy
Office REITs reported a marginal fall in their average Q4 occupancy rates. The subsector's average occupancy rate came in at 88.05%, down from 89.48% in the year-ago quarter. The broader equity REIT industry saw its average fall to 93.11% in Q4.
Seeking Alpha · 2d ago
Weekly Market Pulse: Rational Exuberance?
Home Market Outlook Today's Market Weekly Market Pulse: Rational Exuberance? Joseph Calhoun looks at Alan Greenspan's speech about central banking. The dollar was up a little more than 1% last week. The rally last week was broad based with 10 of 11 economic sectors higher. Calhoun says what is happening today is a form of excessive exuberance.
Seeking Alpha · 3d ago
Weekly Report: what happened at ROOF last week (0318-0322)?
Weekly Report · 3d ago
Dovish Decisions
U.S. Equity markets advanced this week while benchmark interest rates retreated after the Fed reiterated its rate cut path in 2024. Rebounding after two straight weeks of declines, the S&P 500 rallied 2.2% this week and extended its year-to-date gains to over 10%. Real estate equities posted mixed performance as a rebound from rate-sensitive names was offset by weakness from data center REITs.
Seeking Alpha · 4d ago
The State Of REITs: March 2024 Edition
REITs fell slightly deeper into the red in 2024 with a -0.81% total return in February. Only 50.64% of REIT securities had a positive total return. Data Centers were the top performer and Infrastructure (-11.52%) averaged the worst return. The REIT sector has had a rough start to 2024 with back-to-back months of negative returns.
Seeking Alpha · 6d ago
Amid Weak Demand For Existing Homes, Active Listings And Price Reductions Jump, Listing Prices Weaken
Seasonally adjusted annual rate of sales of existing single-family houses, condos, and co-ops rose 9.5% in February from January. Home sales remain at very low levels as the entire housing market has shrunk by 20% to 25%. New listings jumped by 11% year-over-year in February as active listings highest since before the pandemic. Listing prices are weakening as homeowners with 3% mortgages are neither buying nor selling.
Seeking Alpha · 6d ago
Homebuilder Sentiment Back To Expansion
National Association of Home Builders published its March reading on homebuilder sentiment. The headline index rose back above 50 and into expansionary territory. The index is only at the highest level since last July. Homebuilder sentiment is healthier in the Northeast and in the Midwest. The chart of the homebuilders remains in its long-term uptrend.
Seeking Alpha · 03/18 23:50
REITs increase Q4 dividends by ~4%
REITs increased dividends by ~4% in Q4. Equity REITs paid $13.8B in dividends during the quarter. Average dividend per share increased 4.24% from last year to $0.45. The industry's share prices have crashed over the past two years.
Seeking Alpha · 03/18 16:48
Weekly Report: what happened at ROOF last week (0311-0315)?
Weekly Report · 03/18 10:04
Insidious Inflation
U.S. Equity markets declined for a second straight week as benchmark interest surged to the cusp of three-month highs. The S&P 500 declined by 0.4% this week. Real estate equities- the most "Fed-sensitive" segment of the economy- were slammed. The REIT Index tumbled 2.9% on the week.
Seeking Alpha · 03/17 13:00
Real estate stocks dip as economic data hamper rate cut hopes, positive news lack
Real estate stocks dip as economic data hamper rate cut hopes, positive news lack. The S&P 500 Index declined 0.13% this week, logging its second straight weekly loss. Real estate brokerages/platforms particularly fell on Friday on the National Association of Realtors settlement news.
Seeking Alpha · 03/16 16:00
Weekly Report: what happened at ROOF last week (0304-0308)?
Weekly Report · 03/11 10:02
Real estate stocks outperform major market averages on optimism around macro factors
Seeking Alpha · 03/09 17:00
REITs said to be trading at a lesser discount to NAV estimates at February-end
Financials REITs said to be trading at a lesser discount to NAV estimates at February-end. Industrial Logistics Properties Trust continued to trade at the largest discount to their consensus NAV estimates. The publicly-listed U.S. Equity real estate investment trusts ended the month of February at a median 15% discount to the estimates.
Seeking Alpha · 03/06 18:42
2024 Starts With New Home Prices Out Of Reach For Typical American Household
Home Real Estate Analysis 2024 Starts With New Home Prices Out Of Reach For Typical American Household. For January 2024, the median price of a new home sold in the U.S. Is $420,700. The average interest rate for a conventional 30-year fixed-rate mortgage in January 2024 is 6.64%. The cost of paying a mortgage for the typical new home would consume 41.9% of the income of a typical American household.
Seeking Alpha · 03/06 11:30
Weekly Report: what happened at ROOF last week (0226-0301)?
Weekly Report · 03/04 10:04
Ghosts Of Inflation Past
Seeking Alpha · 03/03 14:00
Real estate stocks inch up, XLRE closes 2.12% higher
Real estate stocks inch up, XLRE closes 2.12% higher during the week ended March 1. Real Estate Management & Development gained the most among subsectors. JPMorgan Chase CEO Jamie Dimon trying to ease concerns related to commercial real estate loans. The top performing stocks for the week were Digital Realty Trust, Iron Mountain and American Tower.
Seeking Alpha · 03/02 17:00
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