EWRE News and Press, Invesco S&P 500 Equal Weight Real Estate From 04/25/23

2023-04-25 10:00:00 ET Summary Real estate earnings season kicks into gear this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. This report discusses the major high-level themes and metrics we'll...

2023-04-25 08:50:00 ET Summary The G7 nations pledged to accelerate a gradual phase out of fossil fuels and shift to renewable energy. But I do not believe that many G7 countries will meet net-zero carbon dioxide emissions by 2050. While the Fed should at least “pauseȁ...

2023-04-19 12:30:00 ET Summary Underbuilding has been a common theme of the housing optimists, who think that we have not been building enough. For the nation as a whole, there does seem to have been some underbuilding, but not too much, in the era before the pandemic. Houses ...

2023-04-18 00:30:00 ET Summary Homebuilder sentiment from the National Association of Home Builders (NAHB) was updated yesterday morning. Homebuilder sentiment’s improvement over the past four months marks the longest streak of monthly increases since another streak lasting...

2023-04-17 11:48:47 ET Summary The REIT sector fell again in March with a -6.11% total return. Large cap (-1.99%) and mid cap (-4.56%) REITs saw modestly negative total returns in March, while small caps (-6.76%) and micro caps (-15.50%) were deeper in the red. Only 21.25% of ...

2023-04-15 02:25:00 ET Summary One of the recurring themes I’ve focused on in recent years is the inherently long nature of a credit bust cycle like the one we’ve been experiencing since 2021. The commercial real estate market is just one piece of a much larger overa...

2023-04-13 02:25:00 ET Summary Exacerbated by the recent banking crisis, sentiment around commercial real estate (CRE) has turned so weak that these assets are almost perceived to be uninvestible. However, the CRE market has been no stranger to distress since the Global Financial ...

2023-04-13 02:23:00 ET Summary The Consumer Price Index for March was marked by plunging energy prices and surging services prices. Core CPI jumped by 5.6% year over year, hotter than the 5.5% increase in the prior month, and the first year-over-year increase since September. ...

2023-04-12 22:30:00 ET Summary Headline inflation is now running at about a 3.5-4% rate, not the 5% rate cited by most news sources today. If Owners' Equivalent Rent continues to moderate, as it almost undoubtedly will, headline inflation will all but vanish in coming months. ...

2023-04-12 13:49:00 ET Summary The rising interest rate environment was already weighing on the outlook for construction activity, but the recent stresses in the US and European banking sectors have added to fears that lenders will increasingly step back. The US looks especially v...