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The housing market appears to have regained its momentum in 2018 with new home construction rising to the highest level since October 2016 and building permits at 10½-year high in January. U.S. housing starts climbed 9.9% to a seasonally adjusted annual rate of 1.326 million homes. This represents the second highest level since the recession, following the financial crisis and easily exceeded the 1. (33-0)
Chicago, IL – February 7, 2018 – Today, Zacks Equity Research discusses the Housing, including iShares U.S. Home Construction ETF (ITB - Free Report) , SPDR S&P Homebuilders ETF (XHB - Free Report) , KB Home (KBH - Free Report) , Lennar Corporation (LEN - Free Report) and D.R. Horton, Inc. (DHI - Free Report) . (13-0)
U.S. homebuilding was both hot and happening in 2017, giving investors ample scope to rake up gains. The industry looks equally attractive this year, given solid economic growth and tight inventory. Consistent job growth, growing interest from first-time homebuyers as well as seemingly high homebuilder confidence are adding to the momentum. (3-0)
Home sales in the United States dropped more than expected in December as supply of houses fell to a record low. This has increased home prices and caused an aversion to home buying among some first-time buyers.
The fourth-quarter earnings season is expected to be strong, with earnings growth likely to pick up and continue accelerating after dipping in the preceding quarter. The S&P 500 index is anticipated to see earnings growth of 9.2% and revenue growth of 7%. The market is also at record levels, scaling series of highs at the start of the year. The forecast compares favorably with Q3 earnings growth of 6. (190-1)
Strong homebuilder stocks and bullish 5 Factors are supportive of a strong U.S. residential real estate outlook.
The Q4 earnings season is underway with a few major banks set to report this week. Earnings for the S&P 500 index are expected to grow 8.8% from the same period last year on 6.9% higher revenues. This is higher than the Q3 earnings growth of 6.7% on 5.9% revenue growth. Additionally, the revision trend has been favorable with earnings estimates holding up better relative to other comparable periods. (56-0)
Chicago, IL – December 27, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iShares U.S. Home Construction ETF (ITB - Free Report) , Virtus LifeSci Biotech Clinical Trials ETF (BBC - Free Report) , SPDR S&P Biotech ETF (XBI - Free Report) , iShares North American Tech-Software ETF (IGV - Free Report) , PowerShares Dynamic Semiconductors Fund (PSI - Free Report) and Restoration Hardware Holdings Inc (RH - Free Report) . (41-0)
The final quarter of 2017 is drawing to an end. The journey has been smooth so far, thanks to the Trump trade and tax reform talks. Also, the quarter is known for Santa Rally and holiday shopping season. And even though the Fed has enacted its final rate hike of the year earlier this month, the move was already baked in at the current level. (29-0)
This has been a banner year for the stock market, with the Dow Jones emerging as the biggest beneficiary of the rotation in leadership in the large-cap domestic space. The index climbed 25%, marking the best annual performance since 2013, and has moved up 5,000-points this year — the biggest annual gain in its history. Additionally, it has logged in the highest-ever number of record closes in 2017. (27-0)
As we are approaching the end of 2017, it’s time to look back at the hot investing areas of 2017. This is especially true as this year has treated the broader market well. The S&P 500 has gained about 19%, the Nasdaq has crossed the 7000 mark and the Dow Jones hit several highs. However, some specific sectors shone even brighter in the galaxy of equities in 2017. Below we highlight those wining ones. (32-0)
The homebuilding sector has been in great shape this year. Builders’ confidence is hovering around the highest level in more than 18 years this month. The NAHB/Wells Fargo Housing Market Index increased 5 points in December to 74, marking the third successive rise, as per analysts from Wells Fargo. December witnessed the biggest monthly expansion since March. (26-0)
After negotiating on two versions of the bill already passed by the House and Senate, Republicans unveiled their final tax bill — which would reshape the tax code in three decades, making America more competitive. The Congress will vote on the legislation on Tuesday and sent it to President Donald Trump for his signature by the end of the year (read: Senate Passes Tax Bill: 5 ETFs to Buy Now). The combined plan will likely ease the burden of businesses instead of the middle class and calls for lowering corporate income tax rates, repeal of the corporate alternative minimum tax, double the standard deduction for individuals, and restructuring of the way pass-through businesses are taxed.
The construction sector has demonstrated stability through 2017 amid various challenges, with residential construction investment leading the way. Despite political and economic uncertainties, the sector saw sustainable growth. A Look at Total Construction Spending Spending on construction was up a sizeable 4.1% year over year during the first 10 months of this year, per the latest report from the U. (64-2)
Heading into 2018, the U.S. housing sector appears sturdy. At least, the latest pool of data gives such cues. Sales of new U.S. single-family homes shot up in October to a 10-year high thanks to strong demand across the country.