ITB News and Press, iShares U.S. Home Construction ETF From 04/23/19

There is plenty of supply, but it's the wrong supply, priced too high Across the US, hot and cold housing markets all thrown into one bucket: Sales of "existing homes" (single-family houses, townhouses, condos, and co-ops) in March dropped 5.4% from March last year to a seasonally adjusted a...

By Jill Mislinski This morning's release of the March Existing Home Sales fell to a seasonally adjusted annual rate of 5.21 million units from the previous month's revised 5.48M. The Investing.com consensus was for 5.30 million. The latest number represents an 11.8% increase from the previ...

Two days and two disappointing real estate reports--on Friday, when markets were closed, March housing starts unexpectedly declined and on Monday existing home sales fell more than expected. More news on: D.R. Horton, Inc., iShares U.S. Home Construction ETF, KB Home, Financial stocks news...

Strong home price appreciation last year led many to wonder if housing was unsustainably strong. I thought not, and in November 2018, wrote " Housing Forecast: Not A Bubble In 2019 ." This update shows that housing will continue to soften, though not quite so much as previously expected. The...

Real Estate Weekly Review All good things must eventually come to an end. Following a remarkable run of performance over the past fourteen weeks, REITs ( VNQ and IYR ) dipped nearly 3% on the week, the worst week since diving more than 6% in late December of last year. As we cautioned la...

30-year fixed-rate mortgage averages 4.17% for the week ending April 18, 2019, up from 4.12% in the prior week, and 4.47% a year ago, according to Freddie Mac's Primary Mortgage Market Survey. More news on: UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN, iShares Mortgage Real Est...

According to revised figures, things were really looking up for US industry. For the month of April 2018, the Federal Reserve's Diffusion Index (3-month) for Industrial Production hit 68.2. Like a lot of other sentiment indicators, this was the highest in so long it had to be something. For th...

Real Estate Weekly Review Stop us if you've heard this one before. Real estate continued to roll this week, a common refrain so far in 2019 as "Goldilocks" economic conditions have rejuvenated the previously sputtering REIT and housing sectors following their worst year since the recession...

Location, location, location." That's the mantra of real estate agents for explaining why sales in some areas are hot while sales in other areas are not. But it is also what we find when we track the total valuation of existing home sales by region in the United States, where nationally,...

The 30-year fixed-mortgage averages 4.12% for the week ending April 11, 2019, up 4 basis points from 4.08% in the prior week, but still lower than 4.42 a year ago, according to Freddie Mac's Primary Mortgage Survey. More news on: UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN, iSh...