Mortgage rates continue to rise, homebuyers adjust

Should You Invest in the Invesco Building & Construction ETF (PKB)?

Mortgage Pain Has Not Peaked Yet

Despite spring market optimism, US Home sales in March posted their most significant decline in more than a year. In Canada, where fixed mortgage rates are back above 5%, March home sales and prices were mostly unchanged month-over-month. Oxford Economics forecasts that mortgage payments will increase by another 6% to $156 billion by the end of 2024 in Canada. The hardest hit will be low to medium-income households.

XHB: 3 Negatives And 2 Positives For Home Builders

The SPDR S&P Homebuilders ETF has fallen some 10% in April. High mortgage rates and historically poor home affordability are two of the biggest headwinds facing the home builder sector. However, home builders have very solid balance sheets and dropping lumber prices should help with improving margins.

Weekly Report: what happened at XHB last week (0415-0419)?

United Homes Group: Housing Market Improves, But Not Enough

United Homes Group stock price continues to drop in 2024 on limited growth and high market multiples. Recovery in revenues is visible for Q4 2023 as both home closings and new orders are up. The housing market is improving but not enough to justify the company's price. The house builder's stock is down 12.3% since I last wrote about the company in December.

Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years

Long-term mortgage rates surpass 7% for 1st time in 2024

Long-term mortgage rates surpass 7% for 1st time in 2024. Freddie Mac Primary Mortgage Survey: 30-year fixed-rate mortgages averaged 7.10% as of April 18. 15-year mortgage rates averaged 6.39% for the same time period.

U.S. Housing Market Struggles Continue with Sales Drop and Price Increases

Existing home sales in the US fell by 4.3% in March to a seasonally adjusted annual rate of 4.19 million units. The drop in sales is attributed to rising interest rates and high home prices. The housing market is facing a challenge of affordability. The median existing home price rose to a record high of $393,500 in March.

Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: 'A Poor Time To Buy A Home,' Says Economist

Homebuilder stocks face sharp declines as the SPDR Homebuilders ETF drops 1.8% in Tuesday's session. Sharp decline in housing starts in March 2024 marks the lowest level since Feb. 26, 2024. The U.S. Housing market shows signs of cooling due to rising mortgage rates and economic uncertainty.

U.S. Housing Downturn Deepens as Mortgage Rates Rise, Manufacturing Sees Uplift

U.S. Housing starts fell by 12.4% in March due to rising mortgage rates and a shortage of existing homes for sale. The overall housing starts plummeted by 14.7%, the largest decline since April 2020. The manufacturing sector is showing signs of recovery, suggesting a potential turnaround for the sector.

XHB, BLD, JCI, NVR: ETF Outflow Alert

Weekly Report: what happened at XHB last week (0408-0412)?

Homebuilder Stocks Are Sending an Ominous Warning for the Housing Market

Homebuilder stocks serve as the pulse for the housing market’s vigor. A rise in these stocks usually signals an anticipated upswing in housing demand and prices. Following hot inflation data Wednesday, homebuilder stocks took a big hit. Lumber, like housing stocks, has taken a big tumble as investors fear further rate hikes.

Long-term mortgage rates near 7% mark

Long-term mortgage rates neared the 7% mark, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.88% as of April 11. Mortgage applications rose on the back of strong refinancing activities, Freddie Mac says.

Risk-On Sentiment Persists, Defying Gravity - And Logic?

Home Market Outlook Today's Market Risk-On Sentiment Persists, Defying Gravity - And Logic? James Picerno says bullish enthusiasm remains strong, based on prices through Apr. 8, 2024. One area that’s conspicuously bearish, still, is the US Treasury market.

New Home Prices Fall, Still Unaffordable For Most American Households

In February 2024, the median new home price sold in the United States fell to $400,500. Even at the lowest price recorded since June 2021, it still remains out of reach for the typical American household. The mortgage payment for a typical new home sold has consistently exceeded the 28% basic affordability threshold.

Is SPDR S&P Homebuilders ETF (XHB) a Strong ETF Right Now?

Weekly Report: what happened at XHB last week (0401-0405)?

Mortgage rates show little movement, rates not expected to decrease meaningfully

Mortgage rates show little movement, rates not expected to decrease meaningfully in the near-term. 30-year fixed-rate mortgages averaged 6.82% as of April 4, Freddie Mac says. 15-year mortgage rates average 6.06%, down from last week and a year ago.