BPY - Homebuilders Rise REITs Fall On Record Week For U.S. Markets
Real Estate Weekly Review
Nearly ten years into the record-long bull market, the US economy appears to be picking up steam. The S&P 500 (SPY) climbed to record territory this week for the first time since January as the bull market surpassed the 1990-2000 bull market as the longest on record. Entirely shrugging off the political and media spectacle in DC, economic metrics continue to indicate that economic growth has inflected higher in 2018, fueled by tax reform and rising long-term consumer and business confidence.
(Hoya Capital Real Estate, Performance as of 1