Homebuilder sentiment turns higher in January after mortgage rates drop

homebuilders stocks
From Diana Olick:
NYSE:XHB January 16, 2019 12:25pm

Wells Fargo Reports The Worst Mortgage Number Since The Financial Crisis

wells fargo stock
From Tyler Durden: When we reported Wells Fargo's Q3 earnings back in October, we drew readers' attention to one specific line of business, the one we have repeatedly dubbed the bank's "bread and butter", namely mortgage lending, and which as we then reported was "the biggest alarm" because "as a result of rising rates, Wells' residential mortgage applications and pipelines both tumbled, sliding just shy of the post-crisis lows recorded in late 2013."
NYSE:XHB January 15, 2019 4:01pm

Why a Million Americans Could Be Priced Out Of The Housing Market in 2019

housing market
From Ally J. Yale:

If home prices and mortgage rates continue their upward trends, more than 1 million American households could get priced out of the housing market.

NYSE:XHB January 14, 2019 1:13pm

Large homebuilder says it can’t give a forecast because the market is so ‘uncertain’

housing market
From Yun Li:
NYSE:XHB January 9, 2019 1:20pm

The government shutdown is impacting the housing market

Housing Market
From Steve Goldstein: A new study from the nation's leading real-estate agent advocacy group shows how the partial federal government shutdown is curbing economic activity.

Worst Yet to Come for Housing Market, Says Advisor Who Called 2008 Crash

Housing Market
From Prashant Gopal: James Stack, who predicted the 2008 real estate crash and nailed last year's housing slowdown with uncanny timing, is back with some bad news for 2019.
BATS:ITB January 7, 2019 12:21pm

Buyers will face a tougher housing market in 2019

housing market
From Alex Veiga:

Americans' path to homeownership is likely to get more expensive this year, even as a severe shortage of homes for sale shows signs of easing.

NYSE:XHB January 4, 2019 3:59pm

Home buyers could be forced to shrink their budgets in 2019

home buyers
From Jacob Passy: The U.S. housing market may be cooling off -- but that doesn't mean prospective home buyers will catch a break.
NYSE:XHB January 2, 2019 1:11pm

Pending home sales fell again in November

Slumping Home Sales
From Jeffry Bartash: The numbers: Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that's likely to continue into 2019.
NYSE:XHB December 28, 2018 12:13pm

U.S. home-price gains keep slowing as higher rates scare off buyers

reit investments
From Jeffry Bartash: The numbers: The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.4% in October but in a clear sign of the housing market's recent struggles the increase in prices over the past 12 months slipped to the lowest level in two years.
NYSE:XHB December 26, 2018 1:23pm

Existing Home Sales Tumble 7%, Largest Plunge Since 2011

reit investments
From Tyler Durden: Pending and New home sales both tumbled in October, but existing home sales managed a modest SAAR bounce; and while expectations were for some give-back in November, existing home sales managed an upside surprise - rising 1.9% MoM. However, that is the end of the good news.
NYSE:XHB December 19, 2018 2:43pm

Homebuilder stocks rally after upbeat government data released

homebuilders stocks
From Tomi Kilgore: Homebuilder stocks were broadly higher Tuesday, as they outperformed the broader stock market, after upbeat government data on housing starts for November. The SPDR S&P Homebuilders ETF XHB, +2.11% hiked up 2.5% in midday trade, with 34 of its 35 equity components trading higher. Meanwhile, the S&P 500 SPX, +0.52% rose 0.8%. Among the homebuilder ETF's most active components, shares of D.R. Horton Inc. DHI, +2.97% shot up 5.4%, PulteGroup Inc. PHM, +3.63% rallied 4.1%, Lennar Corp. LEN, +3.41% climbed 4.4%, Toll Brothers Inc. TOL, +2.91% tacked on 3.8% and TRI Pointe Group Inc.TPH, +2.97% rose 4.0%. Earlier, the Commerce Department said housing starts ran at a seasonally adjusted annual rate of 1.256 million last month, beating the MarketWatch consensus for a 1.23 million pace. That follows a string of downbeat housing market data, including the National Association of Home Builders saying Monday that its monthly confidence index fell to a 3 1/2-year low in December. Despite Tuesday's rally, the homebuilder ETF was still down 16.6% over the past three months, while the S&P 500 SPX, +0.52% was 11.6% lower.
NYSE:XHB December 18, 2018 1:48pm

Home builder confidence hits 3.5 year low

Housing Sector
From Tyler Durden: Upton Sinclair once noted: "It is difficult to get a man to understand something, when his salary depends on his not understanding it."
BATS:ITB December 17, 2018 11:53am

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