O - Real Estate Rallies On Strong Earnings Robust Jobs Report
Real Estate Weekly Review
Coming off one of the worst weeks for US equities since the financial crisis, the S&P 500 (SPY) jumped more than 2.5% on the week as strong earnings and solid economic data eased investor fears following a volatile October. The beaten-down homebuilding sector (XHB and ITB), which had dipped more than 15% over the past month, rallied 4% on the week following positive commentary from a handful of building suppliers. REITs (VNQ and IYR) climbed 1% as earnings results continue to exceed expectations. Apartments and