The DoubleLine Colony Real Estate and Income Fund (“the Fund”), an open-end mutual fund within the DoubleLine Funds Trust, today opened to shareholders via two share classes: I shares (DBRIX) and N shares (DLREX).
The Fund seeks total return (capital appreciation and current income) in excess of its benchmark, the Dow Jones U.S. Select REIT Index, over a full market cycle.
The Fund invests principally in an actively managed portfolio of short-to-intermediate term fixed income securities while also investing in derivative instruments to provide exposure to the Colony Capital Fundamental US Real Estate Index (“the Index”), a rules-based (smart-beta) index which invests in the common stocks of real estate investment trusts (REITs).
BOULDER, CO – According to FlexJobs’ State of Telecommuting Report, remote work has grown 115% in 10 years. While remote work exists across career fields, it is more prevalent in some than in others. With that in mind, FlexJobs analyzed over 50 career categories in its database, comparing the number of remote jobs posted January 1, 2018 to the number of remote jobs posted December 1, 2018, to determine which surprising remote career categories have grown at a high rate during the last year.
The ROY Luxury Apartment Homes in West LA has added the latest cutting-edge amenity: onsite electric vehicles (EVs) exclusively for residents use. The REMM Group announced today that residents at the new building will have access to Tesla Model X and Nissan Leaf electric vehicles through the Envoy There car sharing app from Envoy Technologies.
The onsite electric vehicles round out the full array of luxury amenities at The ROY including a rooftop lounge with city views and community room in the sky bridge.
Builder confidence in the market for newly-built single-family homes fell four points to 56 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as concerns over housing affordability persist. Although this is the lowest HMI reading since May 2015, builder sentiment remains in positive territory.
“We are hearing from builders that consumer demand exists, but that customers are hesitating to make a purchase because of rising home costs,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “However, recent declines in mortgage interest rates should help move the market forward in early 2019.”
“The fact that builder confidence dropped significantly in areas of the country with high home prices shows how the growing housing affordability crisis is hurting the market,” said NAHB Chief Economist Robert Dietz. “This housing slowdown is an early indicator of economic softening, and it is important that builders manage supply-side costs to keep home prices competitive for buyers at different price points.”
Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
All the HMI indices posted declines. The index measuring current sales conditions fell six points to 61, the component gauging expectations in the next six months dropped four points to 61, and the metric charting buyer traffic edged down two points to 43.
Looking at the three-month moving averages for regional HMI scores, the Midwest dropped two points to 55; the West and South both fell three points to 68 and 65, respectively; and the Northeast registered an eight-point drop to 50.
Editor’s Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at housingeconomics.com.