HOML News and Press, UBS AG London Branch ZC SP ETN REDEEM 13/03/2045 USD 25 From 07/08/21

Demand from buyers who need a mortgage to fund the purchase of a home has been declining for months, and in the week ended July 2 fell further and is now down 14% from the same week in 2020 and down 8% from the same week in 2019. Mortgage applications are now at the low end of the ran...

During much of last quarter, the Atlanta Fed’s GDPNow model indicated an annual rate over 10% for the second quarter, but last Friday, they downgraded their estimate to the lowest number we’ve seen since the quarter began - an annual pace of just 7.8%, down from +8.6% on Jul...

New home sale prices have reached record highs. Fueled by strong demand, you would think homebuilders are making record amounts of cash with home prices at their highest-ever levels. However, home construction saw its biggest dip since the pandemic hit. For further details s...

Both median and average new home sale prices set new all-time records in May 2021. The initial estimates of median new home sale prices reached $374,400, while average new home prices reached $430,600. Though new home prices continued to rise, May 2021 saw median household income ...

One of the key takeaways from the chairman’s testimony is that the Fed is still willing to be very patient and keep its easy-money policies in place for now, despite the recent upgrades to its growth and inflation outlooks. Switching to the sizzling housing market, Kshatriya ch...

In May, housing permits, including the least volatile single-family permits, continued to decline from their January peak. Meanwhile, the more volatile and slightly lagging housing starts increased, but remained below their March peak. With a 10% decline in permits, and 9% in star...

The onset of the pandemic triggered widespread business closures - and lumber mills were not spared. While the lumber price surge has meant higher costs for the end consumer, it’s been a boon for the other end of the supply chain. If housing and construction demand should s...

Bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week’s rout. From its intraday peak in April to its intraday low last week, bitcoin fell over 53%. Is that the end of the sell-off? Doubts about the post-virus bo...

As 2.1 million mortgages are still in forbearance programs, investors have flooded the housing market, including individual buyers grabbing a second home in crazy bidding wars. But sales have sagged for the third month in a row, while new listings and supply have started to rise from ...

In 2020, Tesla received $1.58 billion in EV tax credits, but only made $721 million total, so the company actually lost $859 million from making EVs! Clearly, that trend is persisting in the first quarter of 2021. However, Tesla is becoming increasingly efficient, so the focus is now ...