by confoundedinterest17 This is the Biden Boogaloo! The National Association of Home Builders index just dropped to 38 for October as The Fed counterattacks Bidenflation by raising rates. Here is Biden dispensing his “economic medicine” to Americans. Remember, Biden says the US economy …
by confoundedinterest17 We are going down this road, feeling bad. As The Fed Reserve prepares to raise their target rate in a week by 75 basis points to 2.50%, the NAHB Home Builder’s confidence index plunged. The 30-year mortgage rate is …
Homebuilder confidence fell to a 13-month low in August as higher material costs and home prices hurt sentiment. The National Association of Homebuilder’s/Wells Fargo Housing Market Index declined by 5 points in August to 75, the lowest reading since July …
by confoundedinterest17 The NAHB Homebuilder confidence index dropped to a 13 month low as building materials rise by 19.4% YoY. Of course, then we have the University of Michigan conditions for buying a home crashing as well. Rising home prices and …
by confoundedinterest17 Euphoria! US homebuilders have been euphoric about their prospects. Unfortunately, the recent report from the Mortgage Bankers Association (MBA) raises a few questions about sustainability of the housing boom. Mortgage purchase applications on a seasonally-adjusted basis peaked in January …
by Chris Kimble Housing market concerns are bubbling up once again. Remember the 2007 housing bubble? Well this may not end the same way, but it’s definitely worth noting the weakness in the housing sector. Especially the homebuilders (via the Dow Jones Home Construction …
by Dave Kranzler of Investment Research Dynamics One of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the …
Amazon said it’s funding homebuilding start-up Plant Prefab, marking its first investment in the space. Plant Prefab builds prefabricated, custom single- and multifamily homes. The investment follows Amazon’s launch of more than a dozen new smart home devices powered by …
by Dave Kranzler of Investment Research Dynamics Someone or some entity – likely a hedge fund – bought 4500 September $35-strike puts on XHB on Thursday last week when XHB was trading just above $39. That’s a $225,000 speculative bet that the XHB …
by Dave Kranzler of Investment Research Dynamics I strongly believe that labeling the condition of the stock market based on arbitrary “percentage changes” up or down is absurd. But then again most attributes of the current stock market are sublimely ridiculous, if not …
