|Bid||41.75 x 4000|
|Ask||42.18 x 900|
|Day's Range||41.97 - 42.59|
|52 Week Range||30.56 - 42.91|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.30|
|Expense Ratio (net)||0.35%|
Sentiment among residential construction firms rose slightly in July as somewhat more favorable conditions emerged in the housing market.
The Trump administration's policies of increased tariffs on steel, aluminum and Canadian lumber as well as tougher immigration rules (especially pertaining to Mexico) could hurt homebuilding ETFs.
Among the negatives are falling builder confidence, rising costs, labor shortages, trade tensions with China that may disrupt supplies of materials, and disappointing recent sales figures, according to a detailed story in The Wall Street Journal as outlined below. The S&P Homebuilders Select Industry Index has surged by 28.5% for this year through July 10, outdistancing the 19.4% gain for S&P 500 Index (SPX), per S&P Dow Jones Indices. A leading ETF tracking the homebuilding index, the SPDR S&P Homebuilders ETF (XHB), is up by 29.7% based on adjusted closing price data from Yahoo Finance.
The strengthening homebuilder sector exchange traded funds could hit a snag as slowing home sales and a tight labor market weigh on the industry in the second half of the year. The boon of low rates “has been apparent in the strong mortgage demand data and will in all-likelihood be reflected in improving home sales data this summer,” Alex Pettee, president and director of research at investment advisory Hoya Capital Real Estate, told the WSJ.
The housing fund HOMZ hit the market in March. Let's take a look how this new ETF is different from the two longstanding products in the space.
Shares of M.D.C. Holdings Inc. were indicated up nearly 3% in premarket trading Monday, after the home builder reported some preliminary second-quarter results that were above expectations. The company said net new home orders increased 32% from a year ago to 2,273, well above the FactSet consensus of 1,791, while deliveries inched up 0.1% to 1,514 to beat expectations of a 0.7% decline to 1,501. The average sales price of new orders was about $484,000. Homes in backlog increased 7% to 4,293, the most since 2006, while the FactSet consensus was for a 4.4% decline to 3,824. Gross margins are expected to exceed 19%, compared with the FactSet consensus for homebuilder gross margin of 18.8%. Full second-quarter results will be released on July 31. The stock has rallied 6.8% over the past three months, while the SPDR S&P Homebuilders ETF has gained 4.2% and the S&P 500 has advanced 3.3%.
The U.S. housing market is done, and is not coming back real estate investor Grant Cardone told Yahoo Finance on Thursday.
Shares of Lennar Corp. hiked up 4.8% in premarket trading Tuesday, after the home builder reported fiscal second-quarter profit and revenue that were well above expectations. Net income for the quarter to May 31 rose to $421.5 million, or $1.30 a share, from $310.3 million, or 94 cents a share, in the year-ago period. The FactSet consensus for earnings per share was $1.15. Total revenue grew to $5.56 billion from $5.46 billion, above the FactSet consensus of $5.03 billion, as homebuilding revenue rose to $5.20 billion from $5.06 billion to beat expectations of $4.78 billion. Homebuilding gross margin was 20.1%, just shy of the FactSet consensus of 20.2%. The average sales price of homes delivered fell to $407,000 from $413,000 a year ago, due primarily to product mix, as the Texas segments continued to shift to lower-priced communities. Sales incentives were $26,600 per home delivered, or 6.1% of home sales revenue, up from 5.3% last year. "The well-documented market pause in the second half of 2018 set the stage for more moderate home price increases and lower interest rates which stimulated both affordability and demand, leading homebuyers back to the market," said Executive Chairman Stuart Miller. The stock has rallied 31.3% year to date, while the S&P 500 has gained 17.5%.
The April housing starts report was a relief for homebuilders. Their confidence has been struggling. The May report was slightly below the estimate. Consumer spending is still strong after the May retail sales report.
U.S. stocks have been retracing the path back to their all-time highs this months, exploding higher on Tuesday after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, ...
We discuss the release of sluggish homebuilder sentiment data for June for investors with money parked in the homebuilder ETFs.
Housing market index falls two points from the prior month in June. Nonetheless, homebuilders remain confident about the upcoming period, given higher demand.
The Census Bureau on Tuesday will release data on May housing starts and building permits. The report will provide the latest glimpse into the state of the housing market amid a pullback in mortgage rates and mixed signals on homebuilder sentiment.
Bank of America recently released its 2019 Spring Homebuyer Insights Report, which includes survey results collected from a nationwide sample of more than 1,900 U.S. adults who currently own a home plan to in the future. Investors may be particularly interested with the findings from the youngest group of potential homebuyers, Gen Z Americans aged 18 to 23. Gen Z Americans plan to buy a home before age 30.
Democratic presidential candidate Elizabeth Warren is pushing a plan to boost wages for women of color. The plan will impose stricter rules for diversifying senior ranks of the federal government. Yahoo Finance's Seana Smith and senior fellow at Heritage, Joel Griffith discuss.
More Americans are signing contracts to purchase homes in May compared to April. Pending home sales rose 1.1% last month. Yahoo Finance's Zack Guzman & Kristin Myers discuss with entrepreneur and real estate investor Grant Cardone.
Yahoo Finance sits down with Jonathan Miller, the CEO of Miller Samuel, to discuss the impact tech companies may have on New York City real estate. They also discuss a decrease in foreign buyers in the U.S. real estate market, in addition to, a slip in the 30-year fixed-rate average to 4.06 percent.
The S&P CoreLogic Case-Shiller Index weakened yet again in March for the 12th month in a row, showing an increase of 3.7% down from 3.9% in February. Realtor.com Chief Economist Danielle Hale and Zillow Director of Economic Research