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The coronavirus outbreak has resulted in a slowdown in the U.S. housing sector. However, reopening of the economy and low mortgage rates are expected to lend some support.
The PulteGroup said Monday that weekly home orders have almost tripled since the end of March — but it wasn’t enough to save jobs.
Wall Street jumps on reopening of the economy and Fed. These sectors were badly beaten down in the coronavirus selloff and are looking well poised to rally faster than the broader market.
The coronavirus pandemic is bringing a slowdown in the U.S. housing market as the homebuilder sentiment witnesses the sharpest monthly decline on record.
The new U.S. home sales data looks disappointing. Moreover, the economic slowdown due to the coronavirus pandemic is expected to break the momentum of the U.S. housing sector.
The latest data on sales of the previously-owned U.S. homes looks encouraging. However, the coronavirus pandemic is expected to mar the numbers in the coming months.
Initial jobless claims data and Darden Restaurants earnings will provide a glimpse into the carnage left behind by the coronavirus crisis.
The central banks across the globe are expected to step in to prop up the virus-infected economy. We have highlighted ETFs & stocks from sectors that are expected to skyrocket on lower rates.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 3.8% annual gain in December, up from 3.5% a month earlier and the fifth month of home price growth acceleration.
At a time when the rapidly-spreading coronavirus is rattling the global financial markets, we discuss whether investors should consider buying the homebuilder ETFs.
Changes are coming to FICO scores -- and that could help keep riskier borrowers out of the housing market, said Doug Duncan, chief economist at Fannie Mae.
The U.S. homebuilding industry continued its strong momentum heading into the New Year given that groundbreakings on new U.S. homes surged to a 13-year high in December.
The movements in these sector ETFs should be watched closely as the phase-1 trade deal is being signed and there is no tariff relief for a huge chunk of goods until phase-2.
Investing.com – Homebuilders are reporting earnings this week and Lennar (NYSE:LEN) brightened the outlook for U.S. housing with solid results Wednesday.