FRI News and Press, First Trust S&P REIT Index Fund From 08/24/22

Summary New home sales fell, but the average price of a new home sold in the U.S. spiked much higher. Our revised estimate for June 2022 is $31.22 billion, a 0.8% reduction from our initial estimate, but against which, July 2022's estimated market cap represents an increase. N...

Summary The recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very high rates of inflation, and the most hawkish global central bank tightening cycle in history. The $6 trillion of hel...

New home sales were reported for July as down nearly 13% to 511K, a number that is just about the average since 2010 (543k). But that doesn’t tell the whole story obviously. New home sales have fallen sharply since December of last year, down 39%. The drop from the peak in Augu...

Sales of new single-family homes fell again in July, dropping 12.6 percent to 511,000 at a seasonally-adjusted annual rate from a 585,000 pace in June. The median sales price of a new single-family home was $439,400, up from $457,300 in June (not seasonally adjusted), putting the 12-m...

We can’t actually see the present because there is a lag between the information being captured by our eyes and processed by our brains. The rising dollar, rising rate environment are well known and entrenched at this point. There are still some problems we have to get past...

U.S. equity markets failed to extend their weekly winning streak as hawkish commentary from Fed officials sparked renewed pressure on bonds and sent benchmark interest rates back to four-week highs. Following a four-week rally that had erased over half of the benchmark's year-to-date ...

Record issuance of agency CRT securities have hurt prices this year, but rapidly shrinking supply could be a catalyst for near-term outperformance. After a wild ride so far this year, Fannie Mae and Freddie Mac credit risk-transfer securities (CRTs) are looking attractive in the near ...

What are the odds of a recession? What are the risks that inflation will stay elevated? How are housing markets evolving in a rising rate environment? From the risk of a recession, to the stickiness of inflation, to the prospects for the housing market, TD Econom...

Existing home sales continued their historic plunge in July to reach the lowest level in 7 years outside of COVID, down roughly 1.7 million home sales in just the last six months. Further discouraging news came from the Conference Board who posted that the July annual rate of change i...

Excluding the lockdown recession, sales are at their lowest since November 2015. Sales in the market for existing single-family homes, which account for about 89 percent of total existing-home sales, dropped 5.5 percent in July, coming in at a 4.31 million seasonally adjusted annual r...