iShares US Home Construction (ITB)
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- Barrons.com•6 hours ago
The Commerce Department reported new home sales at a seasonally-adjusted annualized rate of 593,000, 3.1% higher than August. Zillow Chief Economist Svenja Gudell explains why: It might be tempting to see some strength in the September new home sales data, given the decent growth from August.
- Barrons.com•6 days ago
Existing home sales rose more than expected in September, helped by a increase in the number of first time buyers, the National Association of Realtors reported Thursday. Peter Boockvar of The Lindsey Group writes: The most positive component within the data was the 3 pt increase in the percentage of sales going to first time households. Michael Shaoul of Marketfield Asset Management notes that some very high end markets, such as in the New York region, are slipping, but that he is optimistic about the housing market on a national basis.
- Business Insider•6 days ago
A major fallout from the housing crisis has improved to the lowest level since then...