XHB News and Press, SPDR Series Trust Homebuilders From 06/15/24

2024-06-15 00:01:00 ET Summary The relationship between capitalization rates and interest rates is more nuanced than first meets the eye. While nominal interest rates have an impact on real estate values, they do not have the same effect on cap rates as do real interest rates. ...

2024-06-13 12:22:22 ET More related to mortgages: Fed stands pat on rates, acknowledges 'modest further progress' towards inflation target May's CPI cools more than expected, with core CPI rising 3.4% Y/Y Seeking Alpha community still favors first Fed cut in Septembe...

2024-06-12 13:53:56 ET More on the markets and the economy September rate-cut chances spike up after core CPI in May cools to a 3-year low Look For An Improvement In Breadth With Rate Cuts Nasdaq, S&P jump to all-time highs, Dow climbs after CPI arrives but Fed d...

2024-06-10 12:07:16 ET Summary Lennar Corporation's stock appears reasonably valued at just over 11 times trailing earnings, but home builders typically trade discounted to the overall market. In addition, technical resistance of the stock suggests it may be topping out, while the...

2024-06-10 09:00:00 ET Summary REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by two years of rate-driven headwinds, the venue halls were as quiet as any REITweek. Excitement was muted after numerous "false starts" on the long-awaited F...

2024-06-07 11:44:02 ET Summary The SPDR® S&P Homebuilders ETF has increased by almost 50% since its lows of late October. This rally has occurred despite the continued challenges across the housing sector and slowing economic growth. In the article below, we discuss s...

2024-06-07 09:00:00 ET Summary Construction of single-family homes is recovering, but multi-family buildings are falling. The economic drivers of housing supply and demand indicate continued softness in the second half of 2024, but 2025 looks a little better. Housing demand de...

2024-06-06 12:29:36 ET More related to mortgage rates: U.S. private sector adds 152K jobs in May, less than expected: ADP Jobs Report U.S. job cuts announced in May dip: Challenger Job Cuts Report Mortgage applications continue to fall Mortgage rates increase...

2024-06-06 07:30:00 ET Summary The initial estimate of the median sale price for a new home in April 2024 is $433,500. With an estimated median household income of $77,760, the monthly mortgage payment for a new home would consume 44.5% of the income earned by a typical American h...

2024-06-06 05:59:00 ET Summary The over-7% mortgage rates seem to have become a fixture in the housing market. Mortgage applications to purchase a home dropped further in the latest reporting week. Volume of pending sales in April, an indicator of closed sales in May and later...