XHB News and Press, SPDR Series Trust Homebuilders From 07/13/23

2023-07-13 12:44:17 ET Long-term mortgage rates are nearing the 7% mark, but housing costs remain high, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.96% as of July 13, higher than 6.81% last week and 5.51% in the year-ago period. ...

2023-07-11 14:57:00 ET Summary Rising rates show resilience in the economy, which is benefiting real estate. Office real estate still facing challenges. Retail and industrial are bright spots. With central banks expected to hike rates further, how are the var...

2023-07-11 09:45:00 ET Summary The relative affordability of the median new home sold in the U.S. was little changed in May 2023. The net effect of these changes was to increase the amount that a fully-financed mortgage payment for the median new home sold in the U.S. costs. I...

2023-07-08 12:00:00 ET REITs outperformed the broader markets this week, and the sector is said to be breaking its 18-month downtrend. The FTSE Nareit All Equity REITs logged returns of a positive 0.29% when compared to last week, vs. the S&P 500 index that decreased by 1.16% i...

2023-07-07 07:18:31 ET Summary The Federal Reserve has noted a bottoming out in the housing market, with improvements in home sales, builder sentiment, and new construction since the start of the year. Despite a recent moderation in housing services inflation, the Fed has expresse...

2023-07-06 23:23:00 ET Summary The U-3 unemployment rate moved up to 3.7 percent, a historically low figure but a big jump from the prior month’s level (3.4 percent, a figure not bettered since 1953). Housing activity remained mixed over the past month, with the new side of...

2023-07-06 12:11:01 ET Long-term mortgage rates rose to their highest level in 2023, driven by a resilient economy, persistent inflation and a hawkish tone from the Federal Reserve, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.81% as ...

2023-07-06 09:20:59 ET The real estate sector of the S&P 500 was put under the microscope on Thursday morning after the latest round of mortgage data showed that mortgage applications had dropped and mortgage rates had climbed. Mortgage applications declined 4.4% for the week that e...

2023-07-04 06:32:00 ET Summary The amount spent on building manufacturing plants in May in the US jumped by 73% from a year ago, and by 147% from May 2021, to $15.7 billion, according to Census Bureau data today. Nonresidential construction spending overall in May rose 17% year-ov...

2023-07-02 09:00:00 ET Summary U.S. equity markets closed-out a volatile first-half at their highest-levels of the year as investors cheered data showing continued resilience in economic activity alongside further signs of cooling inflationary pressure. Rebounding from its worst w...