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DIREXION DAILY HOMEBUILDERS & SUPPLIES ETF News

$119.60
+0.0500 (+0.0418%)
At Close: May 17, 2024
"Even with a shrinking GDP, the American homeowner is in great shape. There is no panic selling," Altos Research CEO Mike Simonsen said.
"The last couple years are just going to be an outlier as far as [home] pricing goes," LGI Homes CEO Eric Lipar said.
"As workers change jobs and adjust to the hybrid working environment, housing will likely weaken further in areas with high cost of living," LPL said.
Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Best Inverse/Leveraged ETFs of Last Week

09:18am, Tuesday, 26'th Jul 2022
Wall Street was upbeat last week due to better-than-feared corporate earnings, upbeat retail sales for the month of June and investors' beliefs that markets have reached a bottom.

Lumber Prices Take a Big Chop as Housing Slows

01:36pm, Friday, 15'th Jul 2022
The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. They could fall still f
The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. They could fall still f
Lumber prices are still down 63% from their May 2021 high of $1,733 per thousand board feet, and are down 43% year-to-date.

Top Performing Leveraged/Inverse ETFs: 06/26/2022

02:29pm, Wednesday, 29'th Jun 2022
Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
"Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year," Freddie Mac's chief economist said.
The average 30-year fixed-rate mortgage climbed 25 basis points to 5.65% for the week ended June 10, the highest level since late 2008.
Kyle Little, Sherwood Lumber COO, joins 'The Exchange' to discuss the housing slowdown's impact on the lumber market.
"Some parts of town where finished homes are now taking a month to sell versus hours. Market is definitely correcting," a home builder in Texas said.
Fed Vice Chair Lael Brainard told CNBC it's "very hard to see the case" to pause its interest rate hikes until inflation is tamed.

Lumber prices fall as the Fed battles inflation

01:37pm, Tuesday, 31'st May 2022
Yahoo Finance Live anchors Brian Cheung and Akiko Fujita break down the chart of the day.
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