FRI News and Press, First Trust S&P REIT Index Fund From 07/12/23

2023-07-12 10:00:00 ET Summary One of the hottest "inflation hedges" during the pandemic, land REITs have fallen out-of-favor as rising rates and normalizing supply chains have created disinflationary - and even deflationary - headwinds for commodities. While services sector infla...

2023-07-11 14:57:00 ET Summary Rising rates show resilience in the economy, which is benefiting real estate. Office real estate still facing challenges. Retail and industrial are bright spots. With central banks expected to hike rates further, how are the var...

2023-07-11 09:45:00 ET Summary The relative affordability of the median new home sold in the U.S. was little changed in May 2023. The net effect of these changes was to increase the amount that a fully-financed mortgage payment for the median new home sold in the U.S. costs. I...

2023-07-09 09:00:00 ET Summary U.S. equity markets slumped this past week while benchmark interest rates climbed towards the highest levels of 2023 after employment data showed enough labor market resilience to keep the "hawks" in control. After an end-of-quarter rally lifted the ...

2023-07-07 07:18:31 ET Summary The Federal Reserve has noted a bottoming out in the housing market, with improvements in home sales, builder sentiment, and new construction since the start of the year. Despite a recent moderation in housing services inflation, the Fed has expresse...

2023-07-06 23:23:00 ET Summary The U-3 unemployment rate moved up to 3.7 percent, a historically low figure but a big jump from the prior month’s level (3.4 percent, a figure not bettered since 1953). Housing activity remained mixed over the past month, with the new side of...

2023-07-04 06:32:00 ET Summary The amount spent on building manufacturing plants in May in the US jumped by 73% from a year ago, and by 147% from May 2021, to $15.7 billion, according to Census Bureau data today. Nonresidential construction spending overall in May rose 17% year-ov...

2023-07-02 09:00:00 ET Summary U.S. equity markets closed-out a volatile first-half at their highest-levels of the year as investors cheered data showing continued resilience in economic activity alongside further signs of cooling inflationary pressure. Rebounding from its worst w...

2023-07-01 05:50:00 ET Summary Mezzanine conduit CMBS are trading at levels well wide of historical relationships to investment grade and high yield corporates, reflecting concerns about higher expected defaults and loan extension risk. The challenges facing office properties are ...

2023-07-01 02:15:00 ET Summary Most commercial real estate construction in the U.S. is showing signs of slowing as elevated interest rates continue to put the clamps on available capital. However, manufacturing facilities construction is a notable exception - with spending levels ...