June Jump In U.S. Builder Sentiment Versus Recent Spike In Mortgage Rates

posted in: Credit, Economy, Equities, Technicals | 0

U.S. home builder sentiment in June jumps, to match post-bubble high of last September Recent spike in interest rates, if sticks, potentially shot across housing bow ITB acts tentative, but has not given up on crucial 26 support U.S. home … Continued

ITB close to breaking crucial support

posted in: Economy, Equities, Technicals | 0

U.S. home builder sentiment chirpy, near multi-year highs Just a matter of time before sentiment follows home sales/starts lower Stocks follow builder sentiment; ITB perilously close to breaking crucial support Hope springs eternal.  U.S. home builders are an optimistic bunch.  … Continued