the index since April 2006. The reports is consistent with the NAHB forecast of a 29% increase in housing starts this year to more than 1M (first time since 2007), according to the group's David Crowe. XHB +1.5% , Post your comment!
By Eric Parnell : A diverse range of asset classes have been left shaken in recent weeks by a spate of violence that has spread across investment markets. The first to get taken out at the beginning of the quarter was the metals and commodities markets. The next victim roughly a month ago was the
By Markos Kaminis (Wall St. Greek) : Mortgage rates have been on the rise for weeks now, and impacting mortgage activity in a meaningful way. The release of the Federal Open Market Committee (FOMC) meeting minutes a week from this past Wednesday only served to strengthen that same trend. So there's
Goldman Sachs Networking IGN 93.3 0.76 SPDR Homebuilders XHB 87.2 0.73 iShares Dow Jones US Home Construction ITB 84 ..... Dow Jones U.S. Home Construction ITB and SPDR Homebuilders XHB sported the lowest price/fair valued measures. Indeed, they
By Money Investor : Mark down May 28th, 2013, as potentially the end of the bull run in homebuilders. Today saw the S&P 500 ( SPY ) have almost a 1% intraday move higher, on the back of two headline reports on housing prices and consumer confidence. On the housing front, home prices saw double ...
By Dr. Duru : In December of 2012, I provided a description of the housing recovery from the eyes of mortgage investors who could see the recovery but worried about tightening credit conditions. Six months later, it seems things have actually gotten worse, at least for borrowers with lower credit
health of the real estate market. Moreover, investors might also look at the performance of ETFs like the SPDR S & P Homebuilders ETF ( XHB ) and the iShares U.S. Real Estate ETF ( IYR ) for clues as to the health of the broader real estate
March and 29% higher than a year ago. The median sales price was $271.6K, the average $330.8K. Inventory stands at 156K, representing a supply of 4.1 months. Homebuilders ETF ( XHB -0.4% ). ( full report ) Post your comment!
company. Shares are at their lowest levels of two weeks with technical traders now sounding warning bells. One interesting note on TPX is that its weighting in the S&P Homebuilders Index ( XHB ) has been trimmed this year. Post your comment!
of urgency among potential buyers as a result of thinning inventories of homes for sale." Builders' main concerns have little to do with demand, and remain centered on rising costs and lot shortages. The XHB is flat. Post your comment!