SPDR S&P Homebuilders ETF (XHB)
| Previous Close | 67.45 |
| Open | 66.50 |
| Bid | 66.26 x 900 |
| Ask | 66.27 x 1300 |
| Day's Range | 65.96 - 66.47 |
| 52 Week Range | 51.23 - 86.61 |
| Volume | |
| Avg. Volume | 3,173,890 |
| Net Assets | 1.13B |
| NAV | 66.72 |
| PE Ratio (TTM) | N/A |
| Yield | 0.91% |
| YTD Daily Total Return | -23.26% |
| Beta (5Y Monthly) | 1.49 |
| Expense Ratio (net) | 0.35% |
| Inception Date | 2006-01-31 |
- Investopedia
The Housing Recession
Cracks in the nation's housing market continue to grow. Yesterday, the government reported that U.S. homebuilding sank to its lowest level in over a year, with housing starts plunging 9.6% as higher construction costs continue to weigh on builders.
- Yahoo Finance
Robert Shiller: 'We have a lot of ingredients that might lead to a recession'
Nobel Prize-winning economist Robert Shiller predicts the housing slowdown is a sign that a recession may be on the way.
- InvestorPlace
What Do Higher Mortgage Rates Mean for the Housing Market?
Interest rates are in the middle of their biggest increase in many years. This is going to have a massive impact on the housing market and related equities such as the SPDR Homebuilders ETF (NYSEARCA:XHB). It starts with headline mortgage rates. The average interest rate on a 30-year fixed mortgage has risen from 3.2% early last year to more than 5% now. This has a massive effect on affordability. It’d be easy to take that data and conclude another 2008-style housing bust is on the way. But that
