ITB News and Press, iShares U.S. Home Construction ETF From 07/06/19

Real Estate Weekly Review On a week with no shortage of fireworks, financial markets were surprisingly tranquil on the final “jobs week” before the much-anticipated July Fed meeting. It would have taken some seriously high-powered fireworks in the employment figures to derail t...

It was supposed to be the Chinese government that was going to rescue the global economy. Once the rationalizations ended and officials around the world realized there was serious economic weakness building at the end of 2018 instead of a globally synchronized inflationary recovery, the green ...

Real Estate Weekly Review The US equity markets notched their best first-half of the year in more than two decades as expectations of easing monetary policy and slowing-but-steady economic growth lifted the S&P 500 ( SPY ) more than 17% through the first two quarters. The rally comes des...

Following up our analysis of the market for existing homes in the U.S., preliminary and revised data suggests that falling mortgage rates have coincided with a reversal in the late-2018, early-2019 decline in new home sales. The following chart tracking the trailing-twelve-month average of...

Since peaking in late November 2018, mortgage rates in the United States have fallen sharply, dropping by more than a percentage point from a peak of an average of 4.87% to 3.83% in June 2019. For existing home sales, the falling interest rates have roughly coincided with a rebound in the ...

Housing Starts Housing starts rose in May to an annual rate of 1.269 million, which was better than expected, with upward revisions to the prior two months that totaled 77,000. The strength is in multi-family units, which were up 13.7% year over year. Single-family home building starts wer...

Real Estate Weekly Review Almost six months to the day after US equities entered a bear market in late-December 2018, the major stock indexes jumped to new record highs this week, bouncing more than 25% from those 2018 lows. Powered by an expectation of easing monetary policy and a continuat...

The iShares U.S. Home Construction ETF (ITB) and the SPDR Homebuilders ETF (XHB) are the two leading homebuilder equity ETFs. They hold large national construction companies such as D.R. Horton (DHI) and Lennar (LEN), and we believe they are an excellent value play for a long-term investor. Fu...

Gainers:  Natural Gas -3X Inverse ETN Velocityshares (NYSEARCA: DGAZ )  +30.3% . Velocity 3X Long Crude Oil (NYSEARCA: UWT )  +28.5% . United States 3X Oil Fund (NYSEARCA: USOU )  +28.2% . Ultrapro Crude Oil Proshares (NYSEARCA: OILU )  +27.4% . Direxion Junior Gol...

After consistent declines in the late spring, the 30-year fixed-rate mortgage averages 3.84% for the week ending June 20, 2019, up 2 basis points from 3.82% in the previous week, according to the Freddie Mac Primary Mortgage Market Survey. More news on: UBS ETRACS Monthly Pay 2x Leverage...