American New-Home Sales Rise in March -- Chimera Investment and Annaly Capital Look to Benefit
April 25, 2012 08:20 ET
American New-Home Sales Rise in March -- Chimera Investment and Annaly Capital Look to Benefit
Five Star Equities Provides Stock Research on Chimera Investment and Annaly Capital Management
NEW YORK, NY--(Marketwire - Apr 25, 2012) - Real Estate Investment Trusts (REITs) have continued to attract investors in 2012 as the U.S. housing market have begun to show signs of a long-awaited recovery. An improving economy and record-low mortgage rates have encouraged many potential buyers. U.S. single family home prices increased for the first time in nearly a year according to a recent survey Tuesday. Five Star Equities examines the outlook for diversified REITs and provides equity research on Chimera Investment Corporation (
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The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.2 percent in February on a seasonally adjusted basis, making it the first increase since April 2011. According to economists surveyed by Bloomberg American new-home sales in March increased 1.6 percent compared with a 1 percent rise the month prior.
"Looking forward, we think homes sales will continue to trend upward, which ultimately will result in a slower rate of home value depreciation," said Stan Humphries, chief economist at Zillow. "But any housing recovery will be dependent on job growth. Continued progress in this area is essential to keeping the housing recovery, such as it is, on track."
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Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and other asset classes.
Annaly Capital Management, Inc., a real estate investment trust, engages in the ownership, management, and financing of a portfolio of investment securities. The company invests primarily in mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, and other mortgage-backed securities representing interests in or obligations backed by pools of mortgage loans.
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