News Formal

Housing stocks rally suggests stabilization coming to housing market

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

日本 ニュース ニュース

Housing stocks are surging after data shows new home construction jumped in March

A $1.6 billion gauge of homebuilding stocks jumped on Tuesday after data showed a monthly increase in construction of new homes, a potential sign of stabilization in a housing market that's struggled from the blow of rising interest rates.rose 2.2% to 72.63, the highest since early February when the index recorded a near one-year high at 73.90. 2.

The ETF and housing starts data have tended to track each other over the past ten years. But in December 2021, ITB peaked five months before the peak in housing starts. The ITB ETF, which carries more than $1.6 billion in assets, has gained roughly 18% during 2023, outperforming the

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

IBM said to need 'nearly pristine' earnings report to protect its stockFor IBM Corp., earnings need to be "nearly-pristine" when Big Blue reports after the close on Wednesday, while Wall Street focuses on free-cash flow.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »