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The March release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 693,000 units, its fastest pace in six months and higher than the 668,000 forecast. New home sales were up 8.8% month-over-month from a revised rate of 637,000 in February and are up 8.
As we enter the first trading day of April, let's see if there are any investments that won't let you down and make you feel foolish this month.
The February release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 662,000 units, falling short of the 675,000 forecast. New home sales were down 0.3% month-over-month from a revised rate of 664,000 in January and are up 5.9% from one year ago.
Economic indicators are released every week to provide insight into the overall health and performance of an economy. They serve as essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.
U.S. home-building sector is showing signs of improvement as the Fed sticks to three rate-cut projections this year and existing home sales in February in jumped despite high prices and rates.
In its latest meeting, Fed Chair Jerome Powell signaled three rate cuts this year, citing expanding economic activity and easing but elevated inflation. Some ETFs are expected to soar if the Fed cuts the rate.
The iShares U.S. Home Construction ETF (ITB) was launched on 05/01/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Industrials - Engineering and Construction segment of the equity market.
U.S. homebuilders are now feeling more confident than they have since last summer. Investors seeking to bet on the improving trends could consider homebuilder ETFs.
The residential real estate market has experienced a slowdown in turnover, putting a spotlight on newly delivered units for buyers.
According to a National Association of Homebuilders report, homebuilder confidence continues to rise, signaling a potential recovery in the housing market. Rafe Jadrosich, Senior Homebuilders Analyst at Bank of America Securities, joins Yahoo Finance Live to discuss the factors driving this optimism.