|Bid||29.24 x 200|
|Ask||33.16 x 2000|
|Day's Range||32.18 - 32.68|
|52 Week Range||28.01 - 36.44|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.63%|
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.
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.
The number of building permits issued each month is a constituent of the Conference Board LEI (Leading Economic Index). The construction and housing industry (PKB) is a major job provider in the economy,…...
For November, the NAHB Housing Market Index was reported as 74—an increase of five from October and an 18-year high.
In November 2017, housing units (XHB) authorized by building permits were at a seasonally adjusted rate of 1.298 million—a decrease of 1.4% from October.
In October 2017, the number of building permits totaled ~1.3 million permits, a sizeable increase from the September reading of ~1.2 million permits.
The path to President Trump's tax reform plan could be troubled by the prospect of a ballooning deficit because the plan offers generous tax cuts.