PKB News and Press, Invesco Dynamic Building & Construction From 06/29/23

2023-06-29 12:00:00 ET Summary The initial estimate of the market capitalization of new homes sold during the month is $29.44 billion. Much of the increase was driven by a sharp increase in the number of new home sales. The initial estimate of the median price of a new home so...

2023-06-29 10:20:00 ET Summary As the supply chain shifts, accelerated by pandemic disruptions and policy uncertainty, so too are previously dependable - and popular - data correlations. While the manufacturing sector remains resilient, there are simply not enough skilled workers ...

2023-06-28 21:30:00 ET Summary Based on its historical growth and income characteristics, commercial real estate (private real estate) represents a significant allocation for many institutions and family offices. According to the 2022 Institutional Real Estate Monitor, real estate...

2023-06-27 23:10:00 ET Summary The median price of new single-family houses sold in May fell by 7.6% from a year ago, and by 16% from the peak in October, to $416,300. The average price of new single-family houses dropped by 6.6% year-over-year to $487,300, down 14% from the peak ...

2023-06-27 10:00:00 ET Summary Recovering from a sharp sell-off in the wake of the Silicon Valley and First Republic Bank collapses, Mortgage REITs have rebounded as turmoil across interest rate markets has calmed. Distress in the commercial and residential real estate markets has...

2023-06-27 01:30:00 ET Summary The effect of central bank monetary policy tightening has taken a noticeable toll on developed country housing markets. Falling prices weren't sufficient to boost sales transaction volume in all regions. The prices for residential housing are ult...

2023-06-26 13:05:00 ET Summary It appears we have started the third correction in stocks since the bottom in October of last year. Homebuilder stocks tend to lead the US housing market index by a few months, and this time was no exception. Currencies tend to move based on chan...

2023-06-26 08:00:00 ET Summary Inflation remains stubbornly high, rate hikes are not over and the long, 40-year downtrend in interest rates is over. The Fed’s rate hikes have impacted housing more than any other sector of the economy, in expected ways and in some unexpected...

2023-06-25 09:00:00 ET Summary U.S. equity markets posted their worst week since March after central bank officials in the U.S. and globally warned that further monetary tightening is necessary to contain inflation. Snapping a five-week winning streak that had sent the benchmark t...

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 ...