Homebuilder-focused ETF’s are at/near record highs. Momentum is intact, but builder sentiment – also at multi-year highs – is worth watching. Homebuilding stocks are on fire. XHB (SPDR S&P homebuilders ETF) is already up 5.6 percent for the year. Monday, … Continued
Short interest as of the end of March was flat on an index level, but action was hot and heavy on an industry/sector level. On the NYSE, short interest was 15.68 billion, down from 15.69 billion two weeks ago. On … Continued
U.S. household formation surges 1.8mn in four months to December Homebuilder sentiment drops to four-month low in Dec, but stays elevated ITB priced for reversal in years-long trend of renting versus owning – not a base case There are good … Continued
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