ITB News and Press, iShares U.S. Home Construction ETF From 05/08/19

The newest S&P/Case Shiller home prices indices were released last week, and below is an updated look at the data. On a month-over-month basis, 16 of 20 cities saw home prices gain, with Charlotte, Cleveland, Minneapolis, and Boston seeing declines ranging from -0.13% to -0.38%. On a year-...

The National Association of Realtors (NAR - existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a "seasonally adjusted annualized rate" (SAAR) basis. Notwithstanding the reliability, or lack thereof, of the "seasonal adjustments," it would seem a...

What a difference plunging mortgage rates make! That's our initial reaction to seeing what's happening in the West region of the U.S. housing market, where the combination of very high existing home sale prices and rising mortgage rates had been killing the real estate market in these stat...

U.S. home prices rose 1% from February to March and by 3.7% from a year ago, according to the CoreLogic Home Price Index. More news on: SPDR Homebuilders ETF, iShares U.S. Home Construction ETF, Invesco Dynamic Building & Construction Portfolio ETF, Financial stocks news, News on the...

A recent note from Brookings on the nature of the ongoing housing crisis in America has opened up with a bombastic statement: Over the past five years, median housing prices have risen faster than median incomes (Figure 1). While that's generally good news for homeowners, it puts additiona...

Real Estate Weekly Review Pushing their 2019 total returns back near 20%, REITs ( VNQ and IYR ) continued their strong performance, climbing for the 15th of the past 17 weeks. Helping to power this remarkable run of performance has been the ‘Goldilocks’ economic backdrop of l...

The Census Bureau recently published the 2019 first-quarter numbers on the housing stock. Homeownership rates had bottomed out in 2016 at 62.9%. That was one quarter which was probably an anomaly. Generally, the bottom appears to have been about 63.5%. It had generally risen since then, up t...

30-year fixed-rate mortgage averaged 4.14% in the week ending May 2, 2019, down from 4.20% in the previous week and 4.55% at this time last year, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, Financial stocks news, News on th...

But other construction segments are hot. Residential construction is starting to make folks nervous. Total residential construction spending - 99% is "private" rather than "public" spending - dropped 8.4% from a year ago, the sixth month in a row of year-over-year declines, to a seasonally a...

Condo prices fall year over year in New York. In San Francisco, SoCal and Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, Dallas and Atlanta eke out records. After seven months in a row of month-to-month declines, prices of sin...