ITB Stock Recent News

Rate cut bets ramped up again following the slew of latest data, which signal a slowdown in the world's largest economy. Traders now see a 78% chance of a September rate by the U.S. central bank, according to CME's FedWatch tool.

Sales of existing homes (the lion's share of the U.S. housing market) dropped for the third month in a row in May, highlighting continued affordability challenges that stalled the key spring selling season this year. Sales of new single-family houses in the United States fell 11.3% sequentially in May 2024.

The May release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 619,000 units, lower than the 636,000 forecast. New home sales are down 11.3% month-over-month from a revised rate of 698,000 in April and are down 16.5% from one year ago.

Index funds will quickly spread your dollars across a wide range of investments, with great growth potential. Some specialized ETFs have eye-popping performance records and could keep performing exceptionally well.

US homebuilder confidence is subdued, but chances of lower mortgage rates from late 2024, upbeat industry rank, compelling valuation and still-decent financials may boost homebuilding ETFs in the coming days.

Although still elevated, the 30-year mortgage rate is on a downward trend, with favorable projections painting an optimistic picture for the housing market. Look into ETFs to capitalize.

Shares of companies heavily exposed to U.S. residential real estate jumped on Wednesday after a soft inflation report raised hopes of an interest rate cut by the Federal Reserve that could imply the worst of the housing market's deep freeze could be in the rearview mirror.

Rate cut bets ramped up again. We have highlighted ETFs from sectors that are set to explode on lower rates.

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.

iShares U.S. Home Construction ETF is a smart investment option due to favorable market dynamics for its homebuilding portfolio holdings. The homebuilding industry is expected to thrive due to robust demand and sluggish supply, leading to solid revenue and profit growth. Low valuations and solid fundamentals offer an attractive buying opportunity.