Previous 10 | Next 10 |
Summary The Homebuyer Affordability Fixed Mortgage Index from the National Association of Realtors has plunged to its lowest level since 1989. The supply of new homes is nearly as high as it was at its highest after the previous housing bubble popped. Removing the corporate de...
Summary U.S. equity markets were slammed after Fed Chair Powell made clear the Fed's intentions to raise interest rates and accept "some pain" for U.S. households in its battle against inflation. Declining for the second-straight week and posting its worst weekly losses since June...
Summary Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house. Most people will be unwilling to pay 85% more to get 25% more value. Certainly, some will hold their nose at the higher cost an...
Summary Being the lion’s share of household net worth, what happens in the housing sector is the most significant driver of consumer spending and economic growth. Not surprisingly, home sales have collapsed over the past five months amid the sharpest price declines since 19...
Summary The housing market is weird. Sales are slowing, and home builders are calling it a recession. US home prices grew at an unprecedented rate during the pandemic when the Fed's QE program aimed to bring mortgage spreads down. Homeowners are less leveraged than they were g...
Summary Sales of new single-family houses collapsed by 12.6% in July from the already beaten-down levels in June, and by nearly 30% from July last year, to a seasonally adjusted annual rate of 511,000 houses. Inventory for sale in all stages of construction jumped to 464,000 house...
Summary June’s sales data was indeed revised slightly lower from 590,000 to 585,000. The median price of a new home rose on a monthly basis to $439,400, below April’s peak of $458,200. Sales have continued to fall, prices have now likely turned down, and inventor...
Summary New home sales fell, but the average price of a new home sold in the U.S. spiked much higher. Our revised estimate for June 2022 is $31.22 billion, a 0.8% reduction from our initial estimate, but against which, July 2022's estimated market cap represents an increase. N...
Summary The recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very high rates of inflation, and the most hawkish global central bank tightening cycle in history. The $6 trillion of hel...
New home sales were reported for July as down nearly 13% to 511K, a number that is just about the average since 2010 (543k). But that doesn’t tell the whole story obviously. New home sales have fallen sharply since December of last year, down 39%. The drop from the peak in Augu...
News, Short Squeeze, Breakout and More Instantly...
Direxion Daily Homebuilders & Supplies Bull 3X Shares Company Name:
NAIL Stock Symbol:
NYSE Market:
2024-08-02 09:36:00 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...
2024-07-03 08:00:00 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...
A look at the top 10 most actives in the United States Yield10 Bioscience Inc. (YTEN) rose 135.5% to $0.5722 on volume of 57,300,938 shares Direxion Daily Semiconductor Bear 3X Shares (SOXS) fell 8.7% to $3.16 on volume of 30,926,102 shares Kaival Brands Innovations Group Inc. (KAVL) rose...