119.345High115.000Low2.52MVolume115.330Open114.320Pre Close298.06MTurnover13.20%Turnover Ratio--P/E (Static)19.10MShares121.23052wk High--P/B2.28BFloat Cap68.97252wk Low0.69Dividend TTM19.10MShs Float121.230Historical High0.58%Div YieldTTM3.80%Amplitude15.812Historical Low118.241Avg Price1Lot Size
Waiting for rate cut, or what?
expecting a green day for housing stocks
I'm going to reenter $Opendoor Technologies (OPEN.US)$ and maybe some $SPDR S&P Homebuilders ETF (XHB.US)$
but with increasing probability of rate cuts it should help homebuyers and homesellers because you don't need to pay ridiculous mortgage rates anymore so even the expectation of rate cuts is enough to move these housing stocks and along with them all the furniture/renovation stocks so i ...
New home sales due at 10:00 am. Homebuilders (XHB) are also at all-time highs after a 0.91% gain last Friday.
$S&P 500 Index (.SPX.US)$ $SPDR S&P Homebuilders ETF (XHB.US)$
Thus, solid homebuilders should be able to boost profits as prices stay high and new homes dominate the majority of demand in housing.
However, the recent run up is hasty (mortgage rates are still ve...
Existing sales dropped 2.2% from June, against the Dow Jones estimate for a 0.2% decline. Sales totaled 4.07 million, against the estimate for 4.15 million, and were off 16.6% from a year ago.
The median sales price increased 1.9% to $406,700, while unsold existing homes rose 3.7% from June to the equivalent of 3.3 m...
No comment yet