A Punishing Housing Market Is Squeezing Renters
Published . Updated .
Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.
Directly affected
- No company is named in this report.
Indirectly affected
- XLRE Real Estate Select Sector SPDR-0.8% 30d
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story.
- XHB SPDR S&P Homebuilders ETF+2.4% 30d
SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story.
- DHI D.R. Horton+5.5% 30d
D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
- PLD Prologis-6.9% 30d
Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
- LEN Lennar+5.7% 30d
Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
- WELL Welltower-3.2% 30d
Welltower (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLRE | -0.91% | +0.32% | base | -1.07% | after close | after close | after close |
| XHB | -3.56% | -0.79% | base | +0.51% | after close | after close | after close |
| DHI | -5.48% | +0.28% | base | +0.53% | after close | after close | after close |
| PLD | +0.90% | -0.07% | base | -0.68% | after close | after close | after close |
| LEN | -8.12% | +0.43% | base | +0.48% | after close | after close | after close |
| WELL | +3.04% | +4.40% | base | -1.52% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.
Source: The New York Times
Price since this story was published: Select Sector Spdr Tr (XLRE)
| Company | When | Move | Status |
|---|---|---|---|
| Horton D R (DHI) | that day | +0.53% | still updating |
| Horton D R (DHI) | three days earlier | +0.28% | final price |
| Horton D R (DHI) | five days earlier | -5.48% | final price |
| Lennar (LEN) | that day | +0.48% | still updating |
| Lennar (LEN) | three days earlier | +0.43% | final price |
| Lennar (LEN) | five days earlier | -8.12% | final price |
| Prologis (PLD) | that day | -0.68% | still updating |
| Prologis (PLD) | three days earlier | -0.07% | final price |
| Prologis (PLD) | five days earlier | +0.90% | final price |
| Welltower (WELL) | that day | -1.52% | still updating |
| Welltower (WELL) | three days earlier | +4.40% | final price |
| Welltower (WELL) | five days earlier | +3.04% | final price |
| State Street Spdr S&P Homebuilders Etf (XHB) | that day | +0.51% | still updating |
| State Street Spdr S&P Homebuilders Etf (XHB) | three days earlier | -0.79% | final price |
| State Street Spdr S&P Homebuilders Etf (XHB) | five days earlier | -3.56% | final price |
| Select Sector Spdr Tr (XLRE) | that day | -1.07% | still updating |
| Select Sector Spdr Tr (XLRE) | three days earlier | +0.32% | final price |
| Select Sector Spdr Tr (XLRE) | five days earlier | -0.91% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 72 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 47 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 47 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Lennar (LEN), worth $15,001 - $50,000 on 28 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLRE)
Companies mentioned with this story
- XLRE Select Sector Spdr Tr
In “A Punishing Housing Market Is Squeezing Renters,” Select Sector Spdr Tr (XLRE) is linked, with no stored direction, medium confidence. Reason on file: Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
- XHB State Street Spdr S&P Homebuilders Etf
State Street Spdr S&P Homebuilders Etf (XHB) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “A Punishing Housing Market Is Squeezing Renters.” Reason on file: SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
- DHI Horton D R
For “A Punishing Housing Market Is Squeezing Renters,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
- PLD Prologis
For “A Punishing Housing Market Is Squeezing Renters,” Prologis (PLD) is linked, with no stored direction, medium confidence. Reason on file: Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
- LEN Lennar
In “A Punishing Housing Market Is Squeezing Renters,” Lennar (LEN) is linked, with no stored direction, medium confidence. Reason on file: Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
- WELL Welltower
Welltower (WELL) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “A Punishing Housing Market Is Squeezing Renters.” Reason on file: Welltower (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
How “A Punishing Housing Market Is Squeezing Renters” reaches Select Sector Spdr Tr (XLRE)
“A Punishing Housing Market Is Squeezing Renters” (28 Oct 2026) reaches Select Sector Spdr Tr (XLRE) through this story.
For Select Sector Spdr Tr (XLRE), the reason on file says Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
A second company, State Street Spdr S&P Homebuilders Etf (XHB), is listed for a different reason: SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
The price range for Select Sector Spdr Tr (XLRE), and the dates in the story
DHI traded between 130.44 and 149.26 across 20 sessions. The latest close on file is 147.03. XHB traded between 91.93 and 99.29 across 20 sessions. The latest close on file is 99.14. XLRE traded between 40.28 and 43.19 across 20 sessions. The latest close on file is 42.44.
A simple score for Select Sector Spdr Tr (XLRE)
46 out of 100Price not final
“A Punishing Housing Market Is Squeezing Renters” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.