Best ETF Areas of July
July witnessed the “Great Rotation” in the U.S. stock market on an apparent “AI fatigue”, growing expectations of the Fed cutting rates in September and a resurgence in Trump trade. Investors shunned the hot technology stocks in favor of smaller companies and other sectors, which are the bigger beneficiaries of the Fed rate cuts.
Homebuilding ETF (ITB) Hit a New 52-Week High
For investors seeking momentum, iShares U.S. Home Construction ETF ITB is probably on the radar. The fund just hit a 52-week high and is up 69.20% from its 52-week low price of $71.22/share.
New Home Sales Unexpectedly Fall to 7-Month Low
The June release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 617,000 units, the lowest level in seven months. The latest reading came in lower than the 639,000 forecast.
Should You Invest in the iShares U.S. Home Construction ETF (ITB)?
The iShares U.S. Home Construction ETF (ITB) was launched on 05/01/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Discretionary - Broad segment of the equity market.
5 ETFs Making the Most of the Great Market Rotation
Wall Street is currently witnessing the "Great Rotation," with investors shunning hot technology stocks in favor of smaller companies and other sectors. ETFs, which were depressed this year, have started to gain momentum and hit new 52-week highs in the latest trading session.
Homebuilder ETFs surge as investors await Fed rate cuts
Hello! Homebuilders have been on a tear, with this week's ETF Wrap examining their July surge.
Housing ETFs Shine on Cooling Inflation
The U.S. Consumer Price Index dipped 0.1% sequentially in June and increased just 3% year over year. This has boosted rate-sensitive sectors like homebuilding.
Housing ETFs in Focus as Spring Selling Falters: What Awaits?
Sales of existing homes (the lion's share of the U.S. housing market) dropped for the third month in a row in May, highlighting continued affordability challenges that stalled the key spring selling season this year. Sales of new single-family houses in the United States fell 11.3% sequentially in May 2024.
New Home Sales Plummet 11.3% in May 2024
The May release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 619,000 units, lower than the 636,000 forecast. New home sales are down 11.3% month-over-month from a revised rate of 698,000 in April and are down 16.5% from one year ago.
Pain or Gain Ahead of Homebuilding ETFs?
US homebuilder confidence is subdued, but chances of lower mortgage rates from late 2024, upbeat industry rank, compelling valuation and still-decent financials may boost homebuilding ETFs in the coming days.
Exploring Economic Indicators: Housing and Consumer Sentiment
Economic indicators are released every week to provide insight into the overall health and performance of an economy. They serve as essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.
ITB: This US Construction ETF Is Poised To Generate Substantial Returns
iShares U.S. Home Construction ETF is a smart investment option due to favorable market dynamics for its homebuilding portfolio holdings. The homebuilding industry is expected to thrive due to robust demand and sluggish supply, leading to solid revenue and profit growth. Low valuations and solid fundamentals offer an attractive buying opportunity.
