#housing #starts #permits #virus #chaos “The stock of housing under construction increased 1.2% to a rate of 1.224-M units, the highest since December 2006″ — Paul Ebeling US homebuilding increased more than expected in October as the housing market continues to be driven by record low mortgage rates, and is expected to continue, despite […]
#mortgage #homebuilding #retail #sales #Fed #QE #bonds #market #stimulus #economy $DIA $SPY $QQQ $RUTX $VXX $SPSIHO The S&P 500 Homebuilding Index (SPSIHO), which includes Lennar Corp.(NYSE:LEN), DR Horton Inc.(NYSE:DHI), and PulteGroup Inc.(NYSE:PHM), gained 2.4% Thursday. The index is up nearly 9% YTD, compared with a 0.05% decline in the broad S&P 500 overall. US 30-year […]
$SPY, $USD US homebuilding fell to a more than 2-year lows in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other details of the report from the Commerce Department on Tuesday were also downbeat and suggested that the housing market could remain sluggish […]