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Housing data confirms that housing is on fire. Home sales were 6.6% higher in June 2020 than in June 2019. And mortgage purchase apps are at multiyear highs. Here are three homebuilder ETFs to ride this bull market. One surprising development of the coronavirus has been increased housing d...
Lumber Liquidators (NYSE: LL) shares are soaring suddenly after a blog post on Reddit gave a bullish argument for the stock and encouraged other traders to snatch up shares and calls ahead of the Feb. 25 earnings report. Shares of the wood flooring specialist rose as much as 30% on T...
With the release of new home sales this morning, and existing home sales yesterday, it is increasingly apparent that housing has bottomed - just as I said a number of months ago that it would sometime this spring. To the graphs! New home sales (blue in the graph below) bottomed last October,...
Real Estate Weekly Review Ahead of next week's all-important Federal Reserve interest rate decision, US equity markets rallied as the S&P 500 ( SPY ) and Nasdaq ( QQQ ) each climbed to new all-time record highs on a jam-packed week of earnings and economic data. Earnings results have gen...
After having plunged from October 2018 through March 2019, median new home sale prices in the U.S. would appear to be stabilizing in recent months, with their initial trailing year average for June 2019 unchanged from the previous month at $319,300. The decline in median new home sale prices...
I noticed that housing units per adult have actually started to level off. This is interesting because total permits and total starts are still below past averages. So, maybe the new neutral run-rate for new units is less than 1.5 million annually. Maybe the need for new units is less acute ...
30-year fixed-rate mortgage averages 3.75% for the week ending July 25, down from 3.81% in the previous week and 4.45% a year ago, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, KB Home, PulteGroup, Inc., Financial stocks n...
Surging prices are a demand killer, but real estate industry laments the medicine didn't work. The relentlessness of falling home sales is starting to baffle the real estate industry that had expected plunging mortgage rates to fire up sales: Across the US, sales of "existing homes" (previ...
By Robert Hughes Sales of existing homes fell 1.7 percent in June to a 5.27-million seasonally adjusted annual rate. Sales are down 2.2 percent from a year ago and appear to be trending roughly flat in the 5,000 to 5,500 range (see chart). Sales declined in the two larger regions but rose ...
A bigger-than-expected drop in June existing home sales pulls down homebuilder stocks, with PulteGroup ( PHM -6.5% ) and Hovnanian ( HOV -6.6% ) taking the biggest hits. More news on: PulteGroup, Inc., Hovnanian Enterprises, Inc., D.R. Horton, Inc., News on the U.S. economy, Financia...
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2024-07-26 04:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-25 17:48:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-27 10:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...