News
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October home searches in city surge 235%, renewed interest in urban areas: Redfin
Redfin's ([[RDFN]] -0.4%) new report indicates a significant 235% Y/Y increase in October pageviews of homes in rural areas; however lower than its peak of 273% in August.Small towns pageviews
Seekingalpha · 12h ago
Mortgage rates continue to hit new lows
30-year fixed rate mortgage averages 2.72% for the week ending Nov. 19, 2020, its lowest level in the Freddie Mac Primary Mortgage Market Survey's history dating back to 1971.Compares with
Seekingalpha · 5d ago
3 Homebuilder ETFs for Q1 2021
3 homebuilder ETFs for Q1 2021 are ITB, XHB, and PKB.
Investopedia · 6d ago
Mortgage rates rise as positive vaccine news drives up Treasury yields
30-year fixed-rate mortgage averages 2.84% for the week ending Nov. 12, 2020 vs. 2.78% in the prior week and 3.75% at this time a year ago, according to the Freddie
Seekingalpha · 11/12 15:12
Divided Nation Lifts REITs
U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize.Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow Jones Industrial Average rallied by nearly 2,000 points.While the ultimate balance of power remains undetermined, a near-even split in both chambers of Congress reduces the possibilities for significant changes to tax or regulatory policy and suggests a "lower-for-longer" environment.Real estate equities delivered a fairly strong week despite underperformance from the COVID-sensitive property sectors. REITs jumped more than 4% while homebuilders surged nearly 7%.Apartment REITs were among the leaders after California voters rejected a rent control initiative. Cannabis REITs surged as several more states legalized marijuana. Two more REITs boosted dividends on a frenetic week of real estate earnings reports.
Seekingalpha · 11/09 13:00
Best And Worst Q4 2020: Industrials ETFs And Mutual Funds
The Industrials sector ranks fifth in Q4'20.Based on an aggregation of ratings of the 420 stocks in the Industrials sector.PKB is our top-rated Industrials sector ETF and PGWTX is our top-rated Industrials sector mutual fund.
Seekingalpha · 11/06 16:44
Rents Paid, Dividends Raised: REIT Earnings Recap
Flying under-the-radar during Election season, a frenzy of real estate earnings reports over the last three weeks have provided critical information on the state of the commercial real estate sector.Roughly two-thirds of the 170 equity REITs in our coverage universe beat consensus FFO estimates while nearly two dozen REITs boosted full-year guidance compared to just one that lowered it.The wave of dividend cuts during the pandemic has been reversed. Eight REITs boosted their dividend above pre-pandemic rates, bringing the total to 39 equity REITs and 2 mortgage REITs.We did see some fireworks as well. Two troubled mall REITs filed for Chapter 11 bankruptcy protection as the pandemic finally pushed these struggling landlords over the edge.The bifurcation between "essential" and "non-essential" sectors widened. Residential REITs were the positive standouts this quarter on the resilient strength of the housing sector while retail REITs continue to stumble.
Seekingalpha · 11/06 13:00
Mortgage rates plumb record low for 12th time this year
30-year fixed rate mortgage averages 2.78% for the week ending Nov. 5, the 12th record low this year, vs. 2.81% in the prior week and 3.69% at this time a
Seekingalpha · 11/05 15:18
3 Reasons Why There Really Is No Housing Shortage
The next time you hear someone in the media saying the housing market will never go down again because of an “inventory shortage,” it may be worth questioning their view.It is crucial to understand the data’s calculation to derive its real meaning.The problem with most analysis by the media is they tend to extrapolate a current data point into an infinite future.
Seekingalpha · 11/03 12:30
REITs Slammed As Lockdowns Sweep Europe
U.S. equity markets plunged by the most since March this week as a strong slate of economic data and corporate earnings was overwhelmed by pre-election jitters and amplified coronavirus concerns.A cascading wave of lockdowns across Europe rattled global equity markets while narrowing poll numbers in the U.S. compromise the prospects of a renewed fiscal stimulus package.Sitting on the cusp of "correction territory," the S&P 500 ended the week lower by nearly 6% while major Eurozone equity indexes plunge by over 10%. Technology stocks remained under pressure.Real estate equities were a surprising source of stability. Equity REITs and Mortgage REITs were relative outperformers on the week following a strong start to third-quarter earnings season as three more REITs boosted dividends.This week's sell-off came despite better-than-expected economic data, underscored by a record 33.1% surge in third-quarter GDP growth as the United States continues to outperform essentially all other developed economies during the pandemic.
Seekingalpha · 11/01 14:30
3 Things I Think I Think - Grossly Rich Edition
An all Democratic government is bullish in the long run because it means the government is likely to be pretty loose with the purse strings.When you build a house you realize that so much of the economy is dependent on stability in these goods that go into a home because they all comprise such a large part of the economy.My general view is that the President does not really matter for the stock market.
Seekingalpha · 10/29 10:58
U.S. Housing Market: Home, Sweet Home
Economists estimate that home prices will rise by 3.7% in 2020. NAR too has reported bullish data for August 2020, and October 2020 data are likely to witness an uptick.Existing home supply has dropped and new building permits are holding steady, suggesting a bullish near-term outlook.Investors and traders can consider short-term bets on top homebuilders because the industry is in such a sweet spot.
Seekingalpha · 10/28 21:40
Mortgage rates creep even lower this week
30-year fixed-rate mortgage averages 2.80% for the week ending Oct. 22, down from 2.181% in the previous week and 3.75% a year ago, according to the Freddie Mac Primary Mortgage
Seekingalpha · 10/22 14:24
Single-Family Housing Permits Extend 5-Month Surge
Housing activity - starts and permits - posted strong results in September as the single-family segment made gains across most of the country while multifamily housing appears to be trending flat.The dominant single-family segment, which accounts for almost 80 percent of new home construction, rose 8.5 percent for the month to a rate of 1.108 million.Housing is one of the areas that may be experiencing structural change.
Seekingalpha · 10/21 09:46
Housing Permits Rise To 13+ Year Highs In September, Starts Lag But Also Rise
Housing is a long leading indicator, forecasting the direction of the overall economy 1 year or more in advance.Single family housing permits are the least volatile of these most leading housing metrics.Both total and single family permits rose to their highest levels since the first half of 2007.Starts are more volatile and tend to slightly lag permits. While they did not make new highs, the trend is still quite positive.
Seekingalpha · 10/21 04:33
REITs Hit As Earnings Loom
U.S. equity markets finished flat this week as better-than-expected economic data and earnings results were offset by a continued fiscal stalemate and pressure on technology stocks amid a censorship controversy.The S&P 500 managed to eke out a 0.1% gain this week. The Nasdaq 100 ended the week on a four-day skid as Twitter and Facebook face Congressional subpoenas.Coming off its best two-week gain since April, a sharp sell-off among COVID-sensitive property sectors sent Equity REITs lower by 2.7% with 17 of 18 property sectors in negative territory.Retail sales were far stronger than expected in September, gaining for the fifth month in a row and setting new record highs. Retail sales are now higher by 5.4% from last year, led by the e-commerce and home improvement categories.While retail sales and housing data have exhibited continued strength, the employment recovery has shown signs of losing steam in recent weeks with Initial Jobless Claims coming in above estimates.
Seekingalpha · 10/17 13:00
America could really, truly get infrastructure improvements soon
CNN.com · 10/13 10:19
U.S. luxury homes record 42% jump in Q3
In the 3Q 2020 US Luxury home sales increased 41.5% Y/Y, according to Redfin.Medium-priced homes sales up 3% Y/Y and sales of affordable homes down 4.2% due to the impact of
Seekingalpha · 10/13 09:55
Go Big Or Go Home
U.S. equity markets delivered their strongest week in three months, driven by solid economic data and renewed hope for a compromise on the ever-elusive fiscal stimulus deal.Following gains of 1.6% last week, the S&P 500 surged 3.9% this week, climbing back within 3% of all-time highs. The gains were again led by Small-Cap and Mid-Cap stocks.Coming-off its best week since July, equity REITs finished higher by another 1.3% this week with 9 of 18 property sectors in positive territory. "Essential" property sectors again led the way.Rent Paid: The National Multifamily Housing Council’s Rent Payment Tracker found that rent collection is back in line with pre-pandemic levels despite the dire forecasts to the contrary.Return to Work: Continuing Jobless Claims decreased to 10.98 million, down exactly one million from last week. Since the peak in early May at around 25 million, Continuing Claims have retreated by 13.9 million.
Seekingalpha · 10/10 13:00
Manufactured Housing REITs: Not Enough Homes, So Onto Boats
Manufactured Housing REITs have proven to be immune from coronavirus-related headwinds that have slammed much of the real estate sector, collecting nearly 100% of rents, while also boosting dividends this year.Driven by the macroeconomic tailwinds associated with the affordable housing shortage and favorable demographics, Manufactured Housing ("MH") REITs have been the best-performing real estate sector of the past decade.External growth through acquisitions has provided an added boost. Amid this housing shortage, MH REITs have begun investing in a new - but fundamentally similar - asset class: boat marinas.Headwinds become tailwinds - after a sharp slowdown in late-Spring, recreational vehicle and boat sales have smashed records this summer, while the U.S. housing market has roared back to life.MH REITs aren't cheap, but long-term fundamentals remain stellar for this "essential" property sector. Low supply and strong demographic-driven demand for housing continue to provide a compelling backdrop.
Seekingalpha · 10/06 15:00
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