|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||39.54 - 40.08|
|52 Week Range||31.19 - 46.56|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
January’s JOLTS (Job Openings and Labor Turnover Survey) data, which contains information about job openings and total separations, was reported on March 16. The separation total includes layoffs, retirements, and voluntary quits. Total separations in January stood at 5.9 million, representing 4.1% of the total workforce and a minor increase from the December reading of 5.1 million.
When Interbud-Lublin SA.’s (WSE:ITB) announced its latest earnings (30 September 2017), I wanted to understand how these figures stacked up against its past performance. The two benchmarks I used wereRead More...
A sentiment tracker for the home construction industry fell because builders are having trouble finding lots, according to the lobby group, but it’s also likely that recently-announced tariffs are also ...
Is the Lower GDP Estimate for 4Q17 a Sign of Slowdown? The US Bureau of Economic Analysis (or BEA) has released its second 4Q17 GDP estimate, projecting that the US economy increased at an annual rate of 2.5%. This second estimate is lower than the previous estimate of 2.6% from last month and the 3.2% growth seen in 3Q17.
The United States National Association of Realtors (or NAR) releases a monthly report on existing home sales (ITB). This report consists of information about the trends in housing inventory, total housing inventory, median home prices, and the 30-year mortgage rate. The outlook for the housing market (REM) and demand projections can be formulated using existing home sales data.
An increasing number of building permits is a sign of future construction (ITB) activity, which could lead to higher employment and economic output. As per the latest report in January, housing units (XHB) authorized by building permits were at a seasonally adjusted rate of 1.4 million, an increase of 7.4% from the revised December reading of 1.3 million units. In a reversal of the recent trend, multi-unit (apartments) building permits have increased more than single-family permits.
Speculation about housing market normalization after the hurricane-related surge seems unfounded after the January housing starts beat all expectations. Housing starts increased 9.7% in January. The US Census Bureau and the Department of Housing and Urban Development have reported housing starts for January at 1.33 million, a sharp increase from the revised December reading of 1.21 million.
The National Association of Home Builders (or NAHB) consists of 700 state and local associations of home builders (REM), real estate sales and marketing professionals, and remodelers. The Housing Market Index (or HMI) is based on a monthly survey of its members. The survey mostly relates to builders in the single-family housing market (ITB) and asks its participants to rate the current conditions and expected conditions in the next six months as “good,” “fair,” or “poor.” The report also rates traffic from prospective buyers as “high to very high,” “average,” or “low to very low” for new homes.
What Boosted the Leading Economic Index in 2017? The Conference Board uses the number of building permits issued as one of the constituents of its LEI (Leading Economic Index) model. The number of building permits is a forward indicator of economic activity in the housing and construction (PKB) industry.
Homebuilder-related ETFs extended their losing streak, with home constructions stocks suffering through their worst seven-day run in two years. The iShares U.S. Home Construction ETF (NYSEArca: ITB), the ...
The Conference Board website explains the Consumer Confidence Index (or CCI) as a barometer of the health of the US economy (VOO) from the perspective of the consumer. A survey that compiles consumers’ perceptions of employment and business conditions and their expectations for the next six months is used to construct the index. This monthly survey is conducted by Nielsen, a leading global consumer analytics firm.
The United States NAR (National Association of Realtors) releases a monthly report on the existing home sales (ITB) market. The report contains information about trends in the housing inventory, total housing inventory, median home prices, and the 30-year mortgage rate. Demand in the housing market (REM) can be assessed through the changes in the inventory of existing home sales.
The US housing industry’s (REM) health can be accessed by observing changes in the number of permits issued each month. An increase in the number of building permits is considered to be a positive sign for the housing sector (ITB). The time lag between issuing the permit and construction starting makes the indicator have a lower predictive power compared to housing starts.
The storm-related surge in housing starts in the southern region seems to be subsiding after the hurricanes. The housing starts for December fell 8.2% and are 6% lower compared to 2016. The US Census Bureau and Department of Housing and Urban Development reported the housing starts in December at 1.192 million—a minor drop from the revised November reading of 1.299 million.
The NAHB (National Association of Home Builders) is an association that consists of 700 state and local associations of homebuilders (REM), real estate sales and marketing professionals, and remodelers. For the last 30 years, the NAHB has been conducting a monthly survey of its members. The NAHB constructs the HMI (housing market index) for the US housing market.