Chat
https://demo.wowonder.com/upload/photos/2019/09/PDho3T4NQVeTkTpZkby4_02_7135f847c7358567b787f22d0b249fde_avatar.jpg?cache=1567419308 Profile Picture

Lorem ipsum dolor sit amet consectetur, adipisicing elit. Placeat cupiditate nihil magni similique molestias asperiores omnis at itaque vero eveniet.

Consequuntur error saepe dolorem sequi perspiciatis veniam tenetur unde dolor.

https://demo.wowonder.com/upload/photos/2019/09/PDho3T4NQVeTkTpZkby4_02_7135f847c7358567b787f22d0b249fde_avatar.jpg?cache=1567419308 Profile Picture

Lorem ipsum dolor sit amet consectetur, adipisicing elit. Placeat cupiditate nihil magni similique molestias asperiores omnis at itaque vero eveniet.

Consequuntur error saepe dolorem sequi perspiciatis veniam tenetur unde dolor.

You can create up to 5 ads

Please use our Facebook groups to share your ads for more views

Housing starts just hit 12-year high, but the underlying stocks may be getting 'ahead of itself'

Basic information
Date of placement
6
0
0

Homebuilding stocks have made strides, but the latest good news for the group may not help as much as investors hope, strategists warn.

CNBC - Real Estate News

It's been a big month for homebuilders.

Home construction stocks — tracked by the iShares U.S. Home Construction ETF, ticker ITB — have climbed nearly 9% in the last month, with names like KB Home and Toll Brothers notching double-digit gains.

KB Home shares reached a 52-week high on Wednesday after U.S. housing starts, an indicator monitoring new homes that begin construction each month, hit a 12-year high in August.

But even with the positive housing data and the Federal Reserve cutting its benchmark interest rate by 25 basis points on Wednesday — both of which are generally bullish for homebuilders — experts aren't signing off on chasing the group.

"We're looking at a similar situation as we saw back in April," Matt Maley, chief market strategist at Miller Tabak, said on CNBC's "Trading Nation," referencing a chart of the ITB. "Back then, I said, 'Jeez, the group's getting overbought on a near-term basis,' and ... it's actually a little bit more overbought than it was in April."

While "there's no question" that the 12-year U.S. homebuilding level is positive for the construction stocks, "this is a group that's getting a little bit ahead of itself," Maley said.

"Unless you're a very short-term trader, I wouldn't take profits," he said. "Rather than chase the group here, ... I think you look for pullbacks; you'll do a little bit better. But there's no question those housing starts data should help the group."

Micahel Bapis, managing director with Vios Advisors at Rockefeller Capital Management, said his wealth management team is pulling back somewhat the sector.

"We think that the sector's taking a breather," Bapis said in the same "Trading Nation" interview on Wednesday, noting that many of the housing stocks have doubled in price in the last six to 12 months.

"We're not panicking and selling the whole group" despite muted forward-earnings estimates, Bapis said. "Given the interest rate environment, you may see housing starts continue to rise and you may see the sector continue to perform, but we're ... stepping away from it a little bit."

Part of that strategy comes from looking under the hood at the business of housing itself, he said.

"Our research analysts have said that a lot of the high-end construction projects and homes are starting to slow down, and that's kind of an indicator to us that people are waiting and seeing how this breather shakes out," he said.

The ITB rose by less than 1% in Wednesday trading.

Disclaimer


(0)
0.0
Dislike 0
ОТН 0
Like 0

News list


19:14 Defaults on the Rise with Possible Recession on the Horizon
18:41 EMERGENCY! THE RECESSION IS COMING! - KEVIN WARD
18:30 LA-Area Retail Center Sells for $31M
18:15 Regus Renews, Expands Leases in Long Island
17:49 Real Estate Agents Answer: What Can I Do To Sell My Home Fast?
17:44 ROTTERDAM KRUISKADE 2A Netherlands Sotheby's International Realty
17:28 Former NBA player Tiago Splitter parts with Malibu retreat
17:00 Lead Conversion Secrets from Million Dollar Real Estate Agents
17:00 July pending home sales reverse course, falling 2.5% despite low mortgage rates
16:45 Vancouver Real Estate Developers Drop New Inventory By Over 95%
16:30 Where Does Your Pet Want to Live?
16:01 Homes for Sale in New York and Connecticut
16:01 Homes for Sale in Brooklyn and Manhattan
16:00 On the Market in the New York Region
16:00 On the Market in New York City
15:30 The Fed Cut Rates. What Does This Mean For Real Estate Investors?
15:16 BFIN Sells Office Campus in Houston for $90M
15:16 Toronto New Condo Prices Rise, While Detached Losses Get Bigger
15:00 “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing | BP 345
15:00 Real Estate Firm Will Now Publish Agent Commissions On All Home Listings
15:00 More Than A Third Of Home Buyers Think A Recession Is Coming
15:00 Three Core Strategies To Actively Increase Your Rental Property's Value
13:20 Raleigh Multifamily Report – Summer 2019
13:09 Atlanta Embassy Suites Hotel Scores $39M Loan
12:53 New Owner for Two Liberty Center in Arlington
12:00 A Couple Aims to Stretch the City’s Boundaries. Which Home Did They Choose?
11:49 Data Center Market Poised for Serious Expansion
11:29 Property Box Podcast #2 - Nicholas Wallwork
11:13 Regus-Leased Office Asset Changes Hands in Greater Phoenix
10:20 Starwood JV Buys Suburban Austin Office Asset
03:18 Pierce Brosnan scoops up Santa Monica home for nearly $3 million
02:54 Secret Garden Arts & Crafts Estate Lists For $4.5 Million In San Francisco
02:28 Nurturing Leads With Your IDX Website
01:44 7.5 Hours of Real Estate Lies in 26 Minutes
01:12 Jenny Craig sheds beachfront Del Mar mansion for $22 million
01:09 InMexico Nominates The Agency for 2020 Best in Mexico Awards
00:44 Game of Thrones Has Nothing On This $1.9 Million Dragon Tales Home
00:40 Meet Real Estate Investor Mat Piche aka The Fruitful Investor!
00:31 Randy Jackson's former Tarzana home makes its way to market once more

01:44 7.5 Hours of Real Estate Lies in 26 Minutes
19:14 Defaults on the Rise with Possible Recession on the Horizon
18:41 EMERGENCY! THE RECESSION IS COMING! - KEVIN WARD
18:30 LA-Area Retail Center Sells for $31M
18:15 Regus Renews, Expands Leases in Long Island
17:49 Real Estate Agents Answer: What Can I Do To Sell My Home Fast?
17:44 ROTTERDAM KRUISKADE 2A Netherlands Sotheby's International Realty
17:28 Former NBA player Tiago Splitter parts with Malibu retreat
17:00 Lead Conversion Secrets from Million Dollar Real Estate Agents
17:00 July pending home sales reverse course, falling 2.5% despite low mortgage rates
16:45 Vancouver Real Estate Developers Drop New Inventory By Over 95%
16:30 Where Does Your Pet Want to Live?
16:01 Homes for Sale in New York and Connecticut
16:01 Homes for Sale in Brooklyn and Manhattan
16:00 On the Market in the New York Region
16:00 On the Market in New York City
15:30 The Fed Cut Rates. What Does This Mean For Real Estate Investors?
15:16 BFIN Sells Office Campus in Houston for $90M
15:16 Toronto New Condo Prices Rise, While Detached Losses Get Bigger
15:00 “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing | BP 345
15:00 Real Estate Firm Will Now Publish Agent Commissions On All Home Listings
15:00 More Than A Third Of Home Buyers Think A Recession Is Coming
15:00 Three Core Strategies To Actively Increase Your Rental Property's Value
13:20 Raleigh Multifamily Report – Summer 2019
13:09 Atlanta Embassy Suites Hotel Scores $39M Loan
12:53 New Owner for Two Liberty Center in Arlington
12:00 A Couple Aims to Stretch the City’s Boundaries. Which Home Did They Choose?
11:49 Data Center Market Poised for Serious Expansion
11:29 Property Box Podcast #2 - Nicholas Wallwork
11:13 Regus-Leased Office Asset Changes Hands in Greater Phoenix
10:20 Starwood JV Buys Suburban Austin Office Asset
03:18 Pierce Brosnan scoops up Santa Monica home for nearly $3 million
02:54 Secret Garden Arts & Crafts Estate Lists For $4.5 Million In San Francisco
02:28 Nurturing Leads With Your IDX Website
01:12 Jenny Craig sheds beachfront Del Mar mansion for $22 million
01:09 InMexico Nominates The Agency for 2020 Best in Mexico Awards
00:44 Game of Thrones Has Nothing On This $1.9 Million Dragon Tales Home
00:40 Meet Real Estate Investor Mat Piche aka The Fruitful Investor!
00:31 Randy Jackson's former Tarzana home makes its way to market once more

19:14 Defaults on the Rise with Possible Recession on the Horizon
18:41 EMERGENCY! THE RECESSION IS COMING! - KEVIN WARD
18:30 LA-Area Retail Center Sells for $31M
18:15 Regus Renews, Expands Leases in Long Island
17:49 Real Estate Agents Answer: What Can I Do To Sell My Home Fast?
17:44 ROTTERDAM KRUISKADE 2A Netherlands Sotheby's International Realty
17:28 Former NBA player Tiago Splitter parts with Malibu retreat
17:00 Lead Conversion Secrets from Million Dollar Real Estate Agents
17:00 July pending home sales reverse course, falling 2.5% despite low mortgage rates
16:45 Vancouver Real Estate Developers Drop New Inventory By Over 95%
16:30 Where Does Your Pet Want to Live?
16:01 Homes for Sale in New York and Connecticut
16:01 Homes for Sale in Brooklyn and Manhattan
16:00 On the Market in the New York Region
16:00 On the Market in New York City
15:30 The Fed Cut Rates. What Does This Mean For Real Estate Investors?
15:16 BFIN Sells Office Campus in Houston for $90M
15:16 Toronto New Condo Prices Rise, While Detached Losses Get Bigger
15:00 “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing | BP 345
15:00 Real Estate Firm Will Now Publish Agent Commissions On All Home Listings
15:00 More Than A Third Of Home Buyers Think A Recession Is Coming
15:00 Three Core Strategies To Actively Increase Your Rental Property's Value
13:20 Raleigh Multifamily Report – Summer 2019
13:09 Atlanta Embassy Suites Hotel Scores $39M Loan
12:53 New Owner for Two Liberty Center in Arlington
12:00 A Couple Aims to Stretch the City’s Boundaries. Which Home Did They Choose?
11:49 Data Center Market Poised for Serious Expansion
11:29 Property Box Podcast #2 - Nicholas Wallwork
11:13 Regus-Leased Office Asset Changes Hands in Greater Phoenix
10:20 Starwood JV Buys Suburban Austin Office Asset
03:18 Pierce Brosnan scoops up Santa Monica home for nearly $3 million
02:54 Secret Garden Arts & Crafts Estate Lists For $4.5 Million In San Francisco
02:28 Nurturing Leads With Your IDX Website
01:44 7.5 Hours of Real Estate Lies in 26 Minutes
01:12 Jenny Craig sheds beachfront Del Mar mansion for $22 million
01:09 InMexico Nominates The Agency for 2020 Best in Mexico Awards
00:44 Game of Thrones Has Nothing On This $1.9 Million Dragon Tales Home
00:40 Meet Real Estate Investor Mat Piche aka The Fruitful Investor!
00:31 Randy Jackson's former Tarzana home makes its way to market once more
I agree and close
x Cookies text