XHB News and Press, SPDR Series Trust Homebuilders From 07/19/23

2023-07-19 12:20:30 ET Summary A rigorous regression analysis identified private residential construction investments and home price growth as the key drivers of the US Homebuilding subindustry. The top 10 Homebuilding companies in the US, however, were found to be driven more by ...

2023-07-19 02:23:00 ET Summary Housing activity has been somewhat muted given a dearth of inventories, but the lack of available existing supply has been positive for homebuilders. Although homebuilder sentiment has been rebounding solidly, it pales in comparison to the strength o...

2023-07-18 11:20:00 ET Summary One of Wall Street’s famous maxims is that bull markets climb a wall of worry. On that score, there’s no shortage of real and potential hazards lurking. The reflation trade is easing, which helps fuel the risk-on appetite. For the m...

2023-07-18 08:00:00 ET Summary The housing boom has lasted longer than housing bears have expected, with shares of homebuilders seeing significant gains. The iShares Home Construction ETF is up 33% for the year and SPDR S&P Homebuilders ETF has a 27% YTD return. Why won't ...

2023-07-17 23:00:00 ET Summary The bullish momentum of U.S. equity markets has surprised many, with hedge funds rushing to unwind bearish positions and optimism growing for a soft landing for the Federal Reserve's monetary policy. Analysts are wary of stretched valuations and the ...

2023-07-16 05:30:00 ET Summary Obviously, AI has supercharged the indexes, for the S&P 500 and the NASDAQ. Small businesses tend to feel the impact of monetary tightening with a lag compared to larger companies. The Fed, although they haven’t come out and said it, t...

2023-07-15 12:00:00 ET REITs gained ahead of the earnings season on the back of estimated solid quarterly results, despite an uptick in inflation expectations. Recent reports were favorable towards the sector, which also pulled up sentiments. M&A activities had picked up in ...

2023-07-13 14:41:48 ET Summary Equities rallied on a better-than-expected CPI report Wednesday and the lowest rise in inflation in some 27 months. However, the Federal Reserve is still likely to raise rates again later this month, and the yield curve remains deeply inverted. C...

2023-07-13 13:06:53 ET Equity REITs raised ~10% more capital in H1'23 from last year, data from the National Association of Real Estate Investment Trusts showed . The industry raised $30.21B in H1'23, compared to $27.53B in H1'22. A total of $5.54B worth of capital offering...

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. ...