From Diana Olick: KEY POINTS
Category: NYSE:XHB
SPDR S&P Homebuilders
President Trump’s tax reform is having a negative effect on the housing market
From Shelly Hagan: President Trump’s tax reform is likely having a negative effect on the housing market, according to a newly published study by researchers at the Federal Reserve Bank of New York.
Lower mortgage rates cause resurgence in housing sentiment
From Diana Olick:
Weekly mortgage refinancing applications skyrocket 39% after rates fall
From Diana Olick: The biggest one-week rate drop in a decade unleashed a run on refinances last week, although it did not especially spur spring buyers.
CoreLogic predicts that home prices could rise 5% by 2020
From Diana Olick:
Are economists worried about the U.S. housing market?
From Dion Rabouin:
New home sales in the U.S. hit an 11-month high
From Reuters:
Despite lower mortgage rates, pending home sales dropped in February
From Diana Olick:
Homebuilder ETFs Rising As We Enter Spring Selling Season
From Sweta Killa: The U.S. housing market has shown a strong rebound since the start of the year and seems to be stronger ahead of the key spring selling season. This is especially true given the slew of upbeat data, decline in mortgage rates and strong earnings. Notably, the Dow Jones U.S. Select Home Construction […]
5 Homebuilder Stocks Likely to Gain in 2019
From Swarup Gupta: Housing stocks were dealt a blow by the release of dismal sectoral data on Feb 26. Home Depot’s (HD – Free Report) dismal fourth-quarter numbers worsened matters. Consequently, the iShares Home Construction ETF (ITB) and the SPDR S&P Homebuilders ETF (XHB) each declined at least 0.6%.
Pending US home sales jump 4.6% in January
From Diana Olick:
Home prices in December increased at the slowest pace in 3.5 years
From Diana Olick:
US existing home sales drop to a 3-year low
From Reuters:
U.S. Homebuilder Sentiment Tops All Projections
From Katia Dmitrieva and Carylann Edwards: (Bloomberg) — Sentiment among U.S. homebuilders rose in February for a second month, exceeding all forecasts, as lower mortgage rates and a strong labor market help stabilize demand.
Housing stocks launch a sharp mean-reversion rally
From Dana Lyons: Already sporting a blistering 7-week rally, stocks have continued their scent this week. One group aiding this most recent charge are the housing stocks. This group has been one of the more intriguing, and reliable, ones over the past few years from a charting perspective. That has prompted a series of posts […]