XHB News and Press, SPDR Series Trust Homebuilders From 08/16/23

2023-08-16 00:30:00 ET Summary As the national average for a 30-year fixed rate mortgage eclipsed 7.5% recently, homebuilder sentiment has turned lower. The Housing Market Index from the NAHB fell to 50 in August from 56 the previous month. That six point drop month over month...

2023-08-12 12:00:00 ET REITs increased this week given the solid quarterly results, even though major indices declined on the back of higher inflation and jobless claims data. The Consumer Price Index rose 0.2% in July, with inflation from shelter accounting for over 90% of the infl...

2023-08-10 15:23:24 ET Summary Nearly 200 U.S. REITs have reported second quarter earnings results over the past month, providing critical information on the state of the commercial and residential real estate industry. Of the 86 equity REITs that provide full-year Funds from Oper...

2023-08-10 12:12:25 ET Mortgage rates neared the 7% mark, given a resilient economy with low unemployment and strong wage growth, according to the Freddie Mac Primary Mortgage Survey. The rates rose for the third straight week. 30-year fixed-rate mortgages averaged 6.96% as of A...

2023-08-10 08:27:26 ET Summary Certain areas of commercial real estate like warehouses and data centers had a strong first half and are well-positioned for growth in the coming periods. Macroeconomic trends like economic uncertainty and downturn have made commercial real estate a ...

2023-08-09 21:30:00 ET Summary Mortgage applications to purchase a home: -40% from 2022 and 2019, 3rd worst week since 1995, behind only two weeks in February. The 7%+ mortgages are doing their magic on the housing market as they keep buyers out of the market, and home sales sagge...

2023-08-09 11:00:00 ET Summary The recent rally in risk assets has confounded some analysts, but right or wrong, the revival in animal spirits still has momentum. The rally in homebuilder stocks, XHB, is still signaling ongoing strength for this cyclically sensitive sector as it r...

2023-08-08 06:44:00 ET Summary It looks like the overly anticipated intermediate-term stock market correction may have started right on schedule in the seasonally questionable August time period, when trading tends to be thin, and the market is easier to move one way or the other. ...

2023-08-06 05:47:00 ET Summary Now that individual investors can access direct real estate investments, what should they keep in mind regarding the main US commercial real estate sectors and their respective outlooks? Real wages have increased across the wealth spectrum, but suita...

2023-08-06 03:41:00 ET Summary The US economy continued to move forward in July, although some portions, especially manufacturing, are stumbling. While job growth remained solid in June, nonfarm payrolls rose by 209,000 for June, the smallest increase since the end of the Covid re...