|Bid||42.67 x 1000|
|Ask||42.68 x 1200|
|Day's range||42.38 - 42.76|
|52-week range||28.25 - 42.76|
|PE ratio (TTM)||N/A|
|Beta (3Y monthly)||1.15|
|Expense ratio (net)||0.42%|
The U.S. housing market has been on a tear this year primarily attributable to a decline in mortgage rates, slower home price growth and a slew of upbeat data.
August witnesses fluctuations in the US-China trade tensions, a gold surge, still-decent U.S. economic data points and maximum chances of a no-deal Brexit. These factors bring a few ETFs in focus.
ETFs to gain from upbeat U.S. consumers' economic outlook on a decent job market, contained inflation, rising wages and prospects of low interest rates.
D.R. Horton beats overall while many other homebuilding companies come up with upbeat results. This along with likely Fed rate cut bode well for housing ETFs.
U.S. existing home sales for June was under pressure while new home sales showed some improvement. Despite this, home building ETFs have been on a tear on upbeat corporate earnings and chances of a Fed rate cut in the near term.
The Trump administration's policies of increased tariffs on steel, aluminum and Canadian lumber as well as tougher immigration rules (especially pertaining to Mexico) could hurt homebuilding ETFs.
The housing fund HOMZ hit the market in March. Let's take a look how this new ETF is different from the two longstanding products in the space.
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.
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.