PKB News and Press, Invesco Dynamic Building & Construction From 06/22/23

2023-06-22 17:14:00 ET Summary US existing home sales rose to 4.3 million in May from an upwardly revised April reading of 4.29 million. Sales are still 20.4% lower year-on-year with the median price down 3.1% YoY. The dearth of supply in existing home sales is unlikely to change ...

2023-06-22 08:56:00 ET Summary In the United States, 30-year mortgage rates play a big role in determining how affordable housing is for American households. As important as they are however, the historical data for mortgage rates is surprisingly lacking. Because housing sales...

2023-06-21 14:09:03 ET Invesco Dynamic Building & Construction ETF ( NYSEARCA: PKB ) - $0.0754 . 30-Day SEC Yield of 0.38% as of June 20. Payable Jun 23; for shareholders of record Jun 21; ex-div Jun 20. For further details see: Invesco Dynamic Building &...

2023-06-21 12:18:00 ET Summary We see the best opportunities in originating new loans and purchasing existing loans, adopting a broad approach to debt and targeting stressed assets in turbulent markets. In our view, investors should take advantage of opportunities in private credi...

2023-06-20 22:45:00 ET Summary As inflation begins to moderate, Olga and Hugo examine the structural forces shaping the medium-term outlook in four categories: energy, housing, goods, and services. They uncover dynamics that challenge conventional wisdom about post-COVID shifts in...

2023-06-20 21:35:00 ET Summary Seasonally, May is one of the best month for construction starts of single-family houses and multi-family buildings. Today, the Census Bureau released the May constructions starts, and they were a blowout. The share of single-family housing start...

2023-06-19 22:20:00 ET Summary The Russell 1000 and the S&P 500, the two main broad US large-cap indexes, are both up about 15% this year. But the growth and value versions of these two indexes have produced very different results. The dollar was down last week, presumably on ...

2023-06-16 21:10:00 ET Summary No one could have possibly been surprised by the Fed’s lack of action on Wednesday. They had signaled to anyone who would listen that they would pause. The official inflation figures have indeed moderated over the last year. As far as I ca...

2023-06-12 13:11:00 ET Summary The 10-year Treasury yield was modestly higher last week but the trend – or lack thereof – hasn’t changed. We look at sentiment in a lot of ways and there is no doubt that it is quite bullish right now so a correction of some kin...

2023-06-06 10:43:00 ET Summary The reduction in new home sale prices in April 2023 combined with a small reduction in mortgage rates to boost their affordability. After increasing to 6.5% in March 2023, the average interest rate on a 30-year conventional mortgage dipped back to 6....