|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||25.25 - 25.58|
|52 Week Range||17.69 - 26.00|
|PE Ratio (TTM)||13.96|
|Dividend & Yield||0.36 (1.42%)|
|1y Target Est||N/A|
The housing sector is a key part of the U.S. economy. It provides jobs for thousands of construction workers and creates demand for billions of dollars of consumer spending. While it took the housing sector a little longer than normal to recover after the previous recession — because it was one of the primary drivers of the last recession — it has been a stable contributor to the U.S. gross domestic product (GDP) for the past few years.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on August 15. Index (PMI) data, output in the Consumer Goods sector is rising.
U.S. homebuilding unexpectedly fell in July as the construction of multi-family houses tumbled to a 10-month low, but strong job growth is expected to continue to support the housing market recovery. Housing starts declined 4.8 percent to a seasonally adjusted annual rate of 1.16 million units, hurt also by a drop in groundbreaking on single-family projects, the Commerce Department said on Wednesday.