USRT News and Press, iShares Core U.S. REIT From 12/21/22

Summary Sales of existing homes sank another 7.7% in November to a 4.09 million seasonally adjusted annual rate. Mortgage rates have eased back recently. Housing is likely to continue to be under intense pressure. By Robert Hughes Sales of exi...

Summary Last week the Fed reiterated its intention to snuff out inflation with still more hikes. But beginning about 6-8 months ago, when (not coincidentally) the Fed started to raise interest rates, inflation started to decline. In the housing market it's beginning to look like int...

Summary The latest reading of 1.342M was down 11.2% from the October reading and is below the forecast of 1.485M. Single‐family authorizations in November were at a rate of 781,000; this is 7.1 percent below the revised October figure. Authorizations of units in buildings wit...

Retail REITs posted the highest dividend hikes in November, with Kite Realty Group ( KRG ) raising dividend by 9.1% and Brixmor Property Group ( BRX ) by 8.3% , according to a report by S&P Global Market Intelligence. Eight U.S. REITs announced dividend hikes in t...

Summary Total housing starts fell to a 1.427 million annual rate in November from a 1.434 million pace in October, a 0.5% drop. Total permits are down 22.4% from the November 2021 level. Input costs are still a concern for builders though lumber prices have declined sharply from rec...

Summary In spite of mortgage rates sitting 0.8 percentage points below their early November peak, homebuilder sentiment has continued to fall. Future sales saw a large increase rising from 31 to 35. The relative strength line for homebuilders has continued to move higher. ...

Summary The REIT sector achieved back-to-back months of gains for the first time in 2022, with a +3.33% total return in November. Large-cap (+5.95%), mid-cap (+5.14%), and small-cap (+3.40%) REITs all continued their recovery in November, but micro-caps (-6.57%) fell further into the re...

Summary The lone property sector in positive-territory this year, Casino REITs have benefited from their attractive “inflation-hedging” lease structure, the rebound in Las Vegas travel demand, and broader institutional investor acceptance. Casino REITs remain a favorite fo...

Summary As uncertainty clouds the coming year, there are a handful of themes we believe real estate investors should bear in mind. In a world of macro cross-currents, we think there are several key themes public real estate investors should focus on in 2023. As we enter a year fille...

Summary Avoiding envy, and its associated pitfalls, is one of the simple secrets to a successful investment portfolio. Value once again outperformed Growth in the last week. After closing below the 200-day moving average for two weeks running, the US Dollar seems firmly entrenched i...