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ITB / ITB: The Hidden Supply Of Housing Could Be A Problem For Homebuilders

ITB: The Hidden Supply Of Housing Could Be A Problem For Homebuilders
Baby boomers and empty nesters are downsizing and planning to sell their homes to supplement retirement funds. This "hidden supply" of homes not yet listed for sale could lead to a significant increase in existing home listings and a sharp correction in home prices. The recent "boom" in existing home sales is about to end, which is a major negative for home construction stocks, as proxied by ITB. Read More
Posted: Sep 7 2023, 00:35
Author Name: Seeking Alpha
Views: 111048

ITB News  

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By Market Watch
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Home-builder ETFs surge this week, exceeding the Dow's big gains

Exchange-traded funds that invest in stocks linked to home builders soared this week, blowing past the strong performance of the Dow Jones Industrial more_horizontal

New Home Sales Jump to Fastest Pace Since February 2022

By ETF Trends
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New Home Sales Jump to Fastest Pace Since February 2022

The September release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 759,000 units, the fastest pace since more_horizontal

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Sales of newly built homes reverse course, drop nearly 9% in August

By CNBC
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Sales of newly built homes reverse course, drop nearly 9% in August

Sales of newly built homes dropped as mortgage rates jumped. more_horizontal

Home sales slide more than expected in August as high mortgage rates sideline buyers

By New York Post
September 26, 2023

Home sales slide more than expected in August as high mortgage rates sideline buyers

Though new home sales remain supported by a dearth of previously owned homes on the market, the resurgence in mortgage rates is reducing affordabil more_horizontal

New home sales in August fell short of expectations

By CNBC Television
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New home sales in August fell short of expectations

CNBC's Rick Santelli and Diana Olick report on the latest economic data. more_horizontal


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