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If history is any guide, Bloomberg believes shares of lumber producers should rebound as the homebuilding season picks up into year-end, after plunging lumber prices sent shares reeling in recent weeks. Lumber prices and shares of companies such West Fraser Timber (NYSE:WFG), Louisiana-Pacifi...
How Hot is Too Hot? For Timber REITs, scorching-hot lumber demand from the resurgent housing industry - combined with sawmill production bottlenecks - sent lumber prices soaring to extreme levels. Inflating construction materials prices - and the outright inability to source necessary...
After bottoming at a nominal $28.92 billion in May 2021, the market cap for new homes sold in the U.S. has risen to an initial estimate of $30.12 billion in July 2021. The number of new homes sold each month since November 2020 has been in a downtrend, including for the latest m...
The rapid rise in house prices has stirred up the old debate debate about how the BLS calculates housing’s contribution to the CPI. This is no small debate since the US housing market is essentially the economy, mortgage debt comprises 75% of all household debt AND shelter is 3...
Sales of new single-family homes posted a small gain in July, increasing 1.0 percent to 708,000 at a seasonally-adjusted annual rate from a 701,000 pace in June. Despite the gain, sales are down 27.2 percent from the year-ago level and are 28.7 percent below the 993,000 pace in Januar...
The 10-year Treasury yield declined a bit during the Afghanistan crisis, so all eyes are now on the Fed to see how new realities will impact monetary policy. The Fed released its latest FOMC minutes, which revealed a disagreement within the FOMC about when QE tapering will begin. On T...
Prices of existing single-family houses, condos, and co-ops dipped in July, reverting to seasonality for the first time since 2019, amid surging price reductions. Price reductions surged by 37% in July from June, the fifth month in a row of increases, and the largest month-to-month in...
Sales of existing homes rose 2.0 percent in July, to a 5.99 million seasonally adjusted annual. Sales are up 1.5 percent from a year ago. Sales in the market for existing single-family homes, which account for about 88 percent of total existing-home sales, rose 2.7 percent in July, co...
Falling growth does not mean the economy is contracting. It merely means that the rate of increase is slowing. How much it slows is something we can't know yet, but it is exactly what we've been expecting for months as we watched bond yields drop. One reason I think the current enviro...
U.S. equity markets retreated on a choppy week after a downbeat slate of economic data heightened concern that the recent COVID resurgence could stall or reverse the global economic reopenings. Exhibiting a reversion back to the "stay at home" trading patterns, the large-cap S&am...
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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...