|Bid||42.89 x 900|
|Ask||43.87 x 1200|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.23|
|Expense Ratio (net)||0.35%|
A confluence of lower mortgage rates and rising affordability could give homebuilder exchange-traded funds (ETFs) the necessary fuel to propel further gains. In particular, the SPDR S&P Homebuilders ETF ...
Last year, rising interest rates and low affordability put a thorn in the side of homebuilders and the real estate sector in general. This is lowering mortgage rates and enticing prospective buyers to reconsider a real estate purchase. “Unfortunately, much of the lower interest rate environment can be attributed to global economic uncertainties, which appear to have dampened consumer sentiment regarding the direction of the economy,” said Doug Duncan, chief economist at Fannie Mae.
The U.S. Treasury Department released its housing reform proposals to protect taxpayers from having to bail out Fannie Mae and Freddie Mac in another financial downturn like the 2008 financial crisis.
National home prices are beginning to taper off, but low mortgage rates could give the housing sector a boost, which could shore up homebuilder exchange-traded funds (ETFs). Home prices were higher in ...
The housing market has showed recent signs of weakness, but Goldman Sachs sees lower interest rates providing stimulus later in the year.
Even with the slump in mortgage rates over the past year, there are still a few broader headwinds facing the housing market, particularly homebuilders. That's according to Goldman Sachs, which is out with its 2019 housing outlook.
This article was originally published on ETFTrends.com. Homebuilder exchange-traded funds (ETFs) could be on the verge of a breakout. As such, ETFs to watch moving forward include the the iShares US Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB) . From a technical perspective, things are also looking on the up and up.
Sales of previously owned US homes rose in July, possibly indicating that lower mortgage rates are finally stimulating sales after a sluggish spring selling season.
IBD's homebuilders industry group is in the top 10, making SPDR S&P; Homebuilders an interesting choice for investors seeking exposure to the housing market.
Decent housing data and lower interest rates are helping homebuilder ETFs, such as the SPDR S&P Homebuilders ETF (NYSEArca: XHB) and the iShares U.S. Home Construction ETF (NYSEArca: ITB), rally this year. ...
The numbers: Construction on new houses fell 4% in July to the second-lowest rate this year, but builders applied for more permits in a positive sign for the housing market. Economists polled by MarketWatch had anticipated a 1.25 million rate for starts. Permits to build additional properties increased 8.4% to a seasonally-adjusted annual pace of 1.336 million from June’s revised rate of 1.232 million.
Home builder confidence increased by a single point to 66 in August, according to the National Association of Home Builders' monthly index released Thursday. Readings above 50 on the index are a sign that confidence has improved, but sentiment still remains below the levels seen a year ago. The index components that measure current sales conditions and buyer traffic both increased two points, to 73 and 50. However, the gauge of expectations for sales conditions over the next six months fell by one point to 70, suggesting that builders may be growing more concerned about the housing market's future. Two ETFs that track the home construction industry, and , took different trajectories in morning trading Thursday but are both up year-to-date.
As widely expected, the Federal Reserve cut interest rates by 25 bps for the first time since the 2008 financial crisis. We have highlighted ETFs & stocks from sectors that are expected to skyrocket on lower rates.
According to a recent report from Real Capitol Analytics, cross-border investors are turning into net sellers of U.S. commercial real estate in the second half of 2019. Yahoo Finance's Alexis Christoforous and Brian Sozzi talk to Marty Burger, CEO of Silverstein Properties, about the overall real estate market amid trade war uncertainty and the revitalization of Downtown Manhattan.
U.S. homeowners filled the most applications to refinance their current mortgages in over three years as 30-year borrowing costs slipped to their lowest levels since November 2016, according to the Mortgage Bankers Association. Yahoo Finance's Zack Guzman & Sibile Marcellus, along with retail expert Erin Sykes discuss.