Real estate stocks climbed higher in August despite the end of a national eviction moratorium and uncertainty over how the delta variant would affect retail spending and a return to the office. (iStock)

As the U.S. economy emerges from the pandemic, real estate’s spirit animal might be the iconic bull of Wall Street, leaping over every obstacle in its way.

Real estate stocks climbed ever higher in August despite the end of a national eviction moratorium and uncertainty over how the Delta variant would affect everything from retail spending to a return to offices.

All real estate indexes and exchange-traded funds followed by The Real Deal gained value this month, as did many individual companies, matching or beating the growth in broader markets.

Residential brokerage Compass had its best month since going public in April, its share price gaining 18.6 percent in August, while homebuilder Toll Brothers — facing supply chain…

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