Homebuilder ETFs In Focus After New Home Sales Data

By: ETFdb
Even as U.S. Markets continued to stumble back Thursday morning, still processing the news that Ben Bernanke and the Fed will continue their aggressive buying strategy for now, there was one major force pulling investors back into the green. New home sales from April have improved for the third month in a row, reaching a three-year high [see S&P 500 Visual History]. U.S. New Home Sales Soar The US Census Bureau report release on May 23rd was the latest sign that the housing market is on its way back up. This jump is larger than most economists suspected, with the general forecast closer to 426,000 in April. This rise has also led to a rise in price; with the median price for new homes in April up 14.9% from last year to $271,600, it seems clear that sellers know demand is coming back strong [see also Companies Increase Dividends: ETFs To Play]: With prices and sales [...] Click here to read the original article on ETFdb.com. Related Posts: Homebuilder ETFs In Focus After Housing Data Daily ETF Roundup: Buy The Rumor, Sell The Tweet Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013 Daily ETF Roundup: Housing Data Brings Back The Bulls Fiscal Cliff ETF Rally Still Hot
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.