US housing increasingly is in the midst of strange dynamics, one hurting the economy and the other potentially helping. Home sales have weakened since reaching a cycle high last November, but this has not much impacted the price. In June, … Continued
After a 19-percent peak-to-trough drop, ITB defends crucial support Wednesday. Is this part of a normal correction or something is amiss in housing? In the last several sessions, tons of stocks as well as equity ETF’s and indices were literally … Continued
There probably is an air of excitement among U.S. housing bulls – particularly the technically oriented ones. Sales of both new and existing homes have broken out of recent ranges. In June, new homes rose 3.5 percent month-over-month to a … Continued
ITB, the iShares U.S. home construction ETF, cannot get it going. On May 24th, it surged 3.8 percent with massive volume. The ETF was reacting to April’s new home sales, which surged 16.6 percent month-over-month to a seasonally adjusted annual … Continued