|Bid||38.34 x 2900|
|Ask||38.95 x 1000|
|Day's range||38.36 - 38.98|
|52-week range||28.25 - 40.23|
|PE ratio (TTM)||N/A|
|Beta (3Y monthly)||1.26|
|Expense ratio (net)||0.43%|
The April housing starts report was a relief for homebuilders. Their confidence has been struggling. The May report was slightly below the estimate. Consumer spending is still strong after the May retail sales report.
We discuss the release of sluggish homebuilder sentiment data for June for investors with money parked in the homebuilder ETFs.
Many corners of the market have seen rough trading while a few still stand tall. Below, we have highlighted ETFs from the best and worst zones at the halfway mark in Q2.
Housing Sales Data Look Promising—Can Homebuilders Benefit?(Continued from Prior Part)Homebuilders’ reactions to housing starts reportGiven the significant setbacks in housing data over the last few months, homebuilders’ confidence has taken a
How to Make Sense of Economic Indicators and Invest Accordingly(Continued from Prior Part)Building permitsWhen real estate developers or REITs like AvalonBay (AVB) are confident about the economy, they build more in anticipation of future demand
Existing home sales for March declined and missed market expectations. The D. R. Horton stock was also downgraded. It is better to stay away from housing ETFs.
Investors could make a near-term bet on rate sensitive sectors in the basket form as these will continue to trade smoothly if interest rates remain steady.
Investors seeking to tap the solid trend in the homebuilder space could look at the three ETFs that make for a more compelling choice rather than a single stock.
Last month saw existing home sales fall to a three-year low while growth in housing prices slipped to its lowest level in more than six-years, putting homebuilder ETFs in focus.
The Zacks Analyst Blog Highlights: Energy Select Sector SPDR, iShares U.S. Home Construction, iShares Dow Jones Transportation and Financial Select Sector
The average U.S. 30-year mortgage rate has fallen to a two-month low as investors rush to safe haven amid market decline, putting homebuilder ETFs in focus.
The OECD (Organisation for Economic Co-operation and Development) has said that global economic growth has peaked. It lowered its growth forecast for global GDP (gross domestic product) to 3.5% for 2019 from 3.7%. It said that trade tensions have already erased 0.1–0.2 percentage points from the global GDP this year, and if the United States hikes tariffs on Chinese products to 25%, economic growth could fall to ~3% in 2020 from the current estimate of 3.5%.
The three major indices logged in their biggest losses in a Thanksgiving week since 2011. We have highlighted the best and worst performing ETFs of the Thanksgiving week.