DIREXION DAILY HOMEBUILDERS & SUPPLIES ETF News

Although inflationary fears and the rapidly spreading Omicron variant of COVID-19 have kept investors jittery, strong consumer confidence and a holiday sales surge have driven the market higher.

Lumber prices have shot up again in a rise reminiscent of a year ago, when high-climbing wood prices warned of the hinky supply lines and broad inflation to come.

British Columbia last month struggled with heavy rainfall that resulted in delays in exporting lumber.

Total housing starts rose to a 1.679 million annual rate in November from a 1.502 million pace in October, an 11.8 percent increase. Starts of multifamily structures with five or more units increased

The major indices have reached series of record highs this year on the back of improving economy and return of strong corporate earnings growth.

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.

Overall, last week was upbeat for Wall Street with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 gaining about decently. The rally was spurred by bets that the new COVID-19 var

Kyle Little, chief operating officer with Sherwood Lumber, joins 'The Exchange' to discuss the growing demand for lumber. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://c

The commodity is 41% below its record high, while its up 127% from its recent low, highlighting its extreme volatility over the past few months.

JPMorgan Chase & Co. increased its position in Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) by 126.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 984 shares of the companys stock after acquiring an additional 550 shares during the period. JPMorgan []

The broader housing sector appears in decent shape if we go by the latest earnings reports.

We highlight some best-performing leveraged equity ETFs from different corners of the market that gained more than 25% in October.

While most economic indicators deteriorated last year, house prices largely shrugged off the effects of the pandemic. Of the over 60 countries that enter into the IMF's Global House Price Index, three

NAIL is a leveraged bullish bet on US homebuilding and supplies.

Trex and Azek are both producers of fake-wood decks, and saw their stock prices and sales boom during the pandemic amid high lumber prices, according to CNBC.