Previous 10 | Next 10 |
2023-06-01 02:00:00 ET Summary Spring selling season was a dud. But what comes next may be worse, that’s what mortgage applications and investors tell us. The average interest rate on 30-year fixed-rate mortgages with conforming balances jumped to 6.91%, the highest since N...
2023-05-31 14:35:00 ET Summary With higher rates, fewer people can afford to buy homes. The result is a slowing in home sales that sees no signs of recovery. The slowdown in existing single-family home sales is strongest in regions that saw the most growth. By Alli...
2023-05-30 19:15:00 ET Summary March data shows a bounce in home prices in cities like San Diego, San Francisco, LA, Denver, and Phoenix, while Las Vegas, Miami, and Seattle saw declines. Miami has the highest year-over-year gain at 10.86% and is up 59.87% from pre-COVID levels. ...
2023-05-29 09:00:00 ET Summary U.S. equity markets hovered around nine-month highs this past week as surprisingly solid economic data and earnings reports offset pressures from hawkish central bank rhetoric and a debt ceiling stalemate. Posting its highest end-of-week close since ...
2023-05-29 08:35:00 ET Summary The Bureau of Labor Statistics measures changes in housing costs in ways that change slowly and arrive too late. A long data lag makes these overweighted housing inflation estimates misleading. If we look at “CPI less shelter,” the ...
2023-05-24 16:10:00 ET Summary Housing starts and permits for April are running at a level of right around 1.4M units, down from around 1.8M last year. The level of starts and permits is not yet concerning, but the slowdown continues to be worrisome. For housing starts, the su...
2023-05-24 14:29:00 ET Summary The median new US home in April sold for $420,800, -15% lower than the peak last October. Historically, the average housing downturn has taken 4-6 years to bottom and has always led to the worst economic contractions. This housing downturn starte...
2023-05-24 08:57:00 ET Summary The initial estimate of 683,000 new homes sold during April 2023 represents the highest level of this seasonally-adjusted annual rate recorded since March 2022. The average sale price of new homes sold in the U.S. declined to $501,000, with the time-...
2023-05-24 03:00:00 ET Summary The median price of new single-family houses sold in April fell to $420,800, down by 8.2% from a year ago, and down by 15% from the peak in October. Sales of new houses, in response to lower prices, mortgage-rate buydowns, and incentives, ticked up t...
2023-05-24 00:05:00 ET Summary It’s only May, but if I had to pick a chart of the year, it would be housing stocks. In fact, housing as a whole has been remarkably resilient this year. The NAHB Housing Market Index has been cut in half and existing home sales have cratered....
News, Short Squeeze, Breakout and More Instantly...
SPDR Series Trust Homebuilders Company Name:
XHB Stock Symbol:
NYSE Market:
2024-06-25 18:00:00 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...
2024-06-15 19:02:00 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...
2024-05-15 05:52:00 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...