Builder sentiment fell to the lowest level since September, the National Association of Home Builders said.
CNBC's Diana Olick joins 'Squawk on the Street' to with the latest housing data to cross the tape.
U.S. homebuilder sentiment tumbled to a five-month low in February amid worries that tariffs on imports would combine with higher mortgage rates to further drive up housing costs.
Sector ETF labels can be misleading; Technology ETFs, for example, vary significantly in holdings, risk profiles, and performance outlooks. The abundance of sector ETFs complicates investor decisions, making thorough analysis challenging and increasing the risk of missing profitable opportunities. Knowing ETF holdings is crucial to avoid poor performance; buying ETFs without analysis is akin to buying stocks without due diligence.
The December release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 698,000 units, beating the 669,000 forecast. New home sales are up 3.6% from a revised rate of 674,000 in November and are up 6.7% from one year ago.
Launched on 05/01/2006, the iShares U.S. Home Construction ETF (ITB) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.
I have a buy rating on the iShares U.S. Home Construction ETF due to its attractive valuation and potential technical support near $100. ITB offers exposure to U.S. home construction stocks, featuring a low 11.8x P/E ratio and a PEG ratio of 1.5x. Despite recent volatility and concentration risks, ITB's strong liquidity and seasonal trends from January to July are favorable.
US pending home sales rose 2.2% in November, a hopeful sign the housing market could see some recovery in 2025 after a tumultuous 2024 marred by elevated mortgage rates. HousingWire lead analyst Logan Mohtashami joins Madison Mills to talk about key drivers for improvement in 2025, including a slowing economy and rising unemployment rates that could create an opportunity for mortgage rates to cool.
The Home Construction ETF the ITB is tracking for its worst month since 2020. The Investment Committee debate the setup for housing in 2025.
Existing-home sales rose to a rate of 4.15 million in November, the National Association of Realtors said.
Looking for broad exposure to the Consumer Discretionary - Broad segment of the equity market? You should consider the iShares U.S. Home Construction ETF (ITB), a passively managed exchange traded fund launched on 05/01/2006.
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover. The surge is the result of still-growing housing demand that reignited at the start of the pandemic thanks to record low mortgage rates and sudden new migration.