NAIL / Lumber prices are at a 7-month high and are set to stay elevated on the back of 3 key trends, an expert says

The Dow Jones U.S. Select Home Construction Index experienced significant volatility due to the global pandemic and government stimulus programs. Risi more_horizontal

As interest rates and inflation climbed, the homebuilders sector was getting squeezed from both sides. Supply costs were increasing while high-interes more_horizontal

Rising interest rates should be putting a damper on homebuilders, but the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL) being up ov more_horizontal

Wall Street experienced moderate optimism, as the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 posted modest gains. Earnings from more_horizontal

The homebuilders jumped after Powell's dovish Fed meeting. NAIL, a 3x leveraged ETF, could be an effective short-term trade on the sector over the nex more_horizontal

NAIL ETF has gone down 85% in price, as the housing sector slowed due to doubling of mortgage rates. In this article, let us take a look at the housin more_horizontal

Rising inflation and normalizing home prices are already putting a damper on the real estate market. To add to that, homebuilder sentiment is on the w more_horizontal

Lumber prices are still down 63% from their May 2021 high of $1,733 per thousand board feet, and are down 43% year-to-date. more_horizontal