|Bid||0.0000 x 2200|
|Ask||0.0000 x 800|
|Day's Range||35.07 - 35.64|
|52 Week Range||28.25 - 41.48|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.32|
|Expense Ratio (net)||0.43%|
Fortunately for homeowners, the housing market recovered relatively quickly. Bubbles are notoriously hard to recognize in real-time, but there are certainly telltale signals to watch in the housing market. During that same stretch, housing prices nearly doubled that gain, rising 48 percent.
Home improvement companies and homebuilder-related ETFs could find support from homeowners whom are willing to reinvest in their own homes. Alvaro Lacayo, vice president of equity research at G.research, ...
Last month saw existing home sales fall to a three-year low while growth in housing prices slipped to its lowest level in more than six-years, putting homebuilder ETFs in focus.
The Zacks Analyst Blog Highlights: Energy Select Sector SPDR, iShares U.S. Home Construction, iShares Dow Jones Transportation and Financial Select Sector
A measure of home builder sentiment touched its lowest in more than three years as housing market headwinds gathered steam, and the industry group that compiles the tracker blamed rising mortgage rates.
Heading into 2019, there are few bets more contrarian than U.S. housing. Homebuilder stocks have been halved in many cases. Building products suppliers and distributors have performed just as poorly — if not worse.
Economic Data Ahead This week we have a few interesting pieces of data on the economic docket. Monday, not much happening but foreign buying of T-bonds could make a bit of a splash. The yield curve has inverted, partially, on the short end of Treasury maturities, and has flattened out on the longer end, and […] The post Market Morning: Rate Hike Ahead, Obamacare Struck Down, JNJ Asbestos Scandal, Qatar Challenges Saudis appeared first on Market Exclusive.
The average U.S. 30-year mortgage rate has fallen to a two-month low as investors rush to safe haven amid market decline, putting homebuilder ETFs in focus.
After the sharp sell-off on Wednesday, home construction stocks and homebuilder sector-related exchange traded funds were among the few areas of strength Thursday in response to the fall in mortgage rates. On Thursday, the SPDR S&P Homebuilders ETF (XHB) rose 0.9% and iShares U.S. Home Construction ETF (ITB) increased 1.6%. Homebuilders have been under pressure as housing affordability concerns weighed on the sector, specially in recent months as mortgage rates and home prices continued to push higher.
A deadly combination of rising rates and low affordability continues to pound the housing industry, including homebuilders and homebuilder-focused exchange-traded funds (ETFs) alike, such as the Direxion ...
Shares of home builders took a broad beating Tuesday, after luxury builder Toll Brothers confirmed investors fears by saying it witnessed the housing market “soften further” in November, especially in California, because of reduced affordability and fewer foreign buyers.
The OECD (Organisation for Economic Co-operation and Development) has said that global economic growth has peaked. It lowered its growth forecast for global GDP (gross domestic product) to 3.5% for 2019 from 3.7%. It said that trade tensions have already erased 0.1–0.2 percentage points from the global GDP this year, and if the United States hikes tariffs on Chinese products to 25%, economic growth could fall to ~3% in 2020 from the current estimate of 3.5%.
Shares of home builders took a dive Wednesday, after data showing new home sales in October fell a lot more than expected. The iShares U.S. Home Construction ETF shed 2.2% in morning trade, with 44 of it 47 equity components trading lower. Among the more active home builders, shares of PulteGroup Inc. fell 3.5%, D.R. Horton Inc. dropped 2.1%, Toll Brothers Inc. gave up 3.5%, Lennar Corp. slid 2.8% and KB Home declined 3.2%. New-home sales fell 8.9% month-to-month to a seasonally adjusted annual rate of 544,000 in October, below expectations of about 589,000, while the median sales price fell 3.1% to $309,700. Earlier, real estate marketplace Zillow Group Inc. said it expected the home-buying market to continue to slow in 2019, as rising interest rates reduces affordability. The home construction ETF has has tumbled 18% over the past three months, while the S&P 500 has declined 7.2%.
The three major indices logged in their biggest losses in a Thanksgiving week since 2011. We have highlighted the best and worst performing ETFs of the Thanksgiving week.