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Summary Since March 2022, the Federal Reserve has raised interest rates by 300 basis points. Higher rates are challenging both homebuyers and sellers. There are growing signs that the Federal Reserve’s rate policies are starting to bite into the U.S. housing market. ...
Summary U.S. equity markets extended a two-week rebound since hitting two-year lows earlier this month as a mixed slate of corporate earnings reports and lukewarm economic data revived "soft landing" hopes. Posting its strongest two-week advance since the initial COVID vaccine rol...
Summary According to the National Association of Realtors, "Pending home sales trailed off for the fourth consecutive month in September." The index for the most recent month is currently 40% below its all-time high. The population-adjusted index is 44% off its high. A close l...
Summary The pandemic caused a surge in household formation, driven in part by remote work and low-interest rates. This is likely to result in an extended period of weak growth in the number of households, with a flow-through impact on the rest of the economy. The housing secto...
Summary Sales of new homes in the U.S. fell in September 2022. July 2022 still ranks as the peak month for the market capitalization of new homes during the Biden administration. The new home industry already hasn't registered any sustained growth since December 2020. ...
Summary Employment for nonresidential construction is up, for both actual building activity as well as specialty trades. Warehouses have been particularly strong thanks to increased online sales. Manufacturing construction has grown substantially in the past year, up 22%. ...
Summary Sales of new single-family homes fell back in September. The median sales price of a new single-family home was $470,600. The total inventory of new single-family homes for sale rose 1.1 percent to 462,000 in September. By Robert Hughes Refi...
Summary This morning's release of the September New Home Sales from the Census Bureau came in at 603K, down 10.9% month-over-month from a revised 677K in August. The Census Bureau's mid-month population estimates show a 77% increase in the US population since 1963. Today's 30-...
Summary The housing market appears to be dissolving quickly. Housing starts in September also fell 8.1% from August and were below Street expectations (-7.2%). Another name that I like as a short that continues to puzzle me is ABNB ($119). For further det...
Summary A super-strong dollar, collapsing housing and commodity prices, and a huge increase in real interest rates were all but shouting at the Fed to back off and give the economy some time to digest things. If the Fed had been paying attention to the slowdown in M2, they would h...
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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...