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Time for the housing market to get ahead



But, when the Federal Reserve will be able to keep interest rates in the near future, there is hope that the housing market will begin to recover.

On Monday, the National Association of Building Builders will release its latest monthly builder survey. In February, confidence grew due to the fall in mortgage rates, which fell along with the yield of long-term bonds this year.

Mortgage rates have fallen even more recently due to the Fed, as well as concerns over China's economy and the latter. Brexit drama The fixed-rate 30-year mortgage reached last month's 4.31%, the lowest level for the year.

"The housing market benefits from volatility in stock markets," said O'Peta Kushi, Deputy First Economist at First America. "We have a ton of deferred demand from older Millennials sitting at the sidelines waiting to be homeowners. Lower rates should push home sales."

Kushi said that the latest job report is also good for housing. Despite the fact that the number of jobs was disappointing, wages continued to grow. And it can help people try to save money so that they can live at home or rent housing to buy housing.

She pointed to the recent increase in housing construction and the completion of housing construction, as another good sign. The supply is much larger than it was.

"The housing market remains ready for a strong spring," said Joel Cahn, vice president for economic and sector forecasting at the Association of Mortgage Bankers, in his latest mortgage report. At the beginning of the month, the volume of applications for loans increased by 2.3%.

"We are beginning to see signs of more new housing and inventory, which increases the opportunities for many buyers to buy, which hinders the constant lack of supply," Kan said.

will be released on Wednesday.

  Dwelling fears may have been exaggerated

All this could lead to a turning point in the existing rates of sale of housing in February that will be issued by the National Association of Realtors in on the same day. Sales fell by 1.2% from December to January. But Kushi believes that they have resumed last month.

This should be good news and for housing-related shares that had already begun before 2019, hoping the market is ready for a major return.

The SPDR S & P home builders ETF [196459015] ( XHB ) – which includes large builders such as Lennar and Toll Brothers, as well as companies affiliated with with housing such as Roomba iRobot ( IRBT ) and instrumental giant Whirlpool ( WHR ) – 17 % in this year. ] Retail seller Williams-Sonoma ( WSM ) who is also a member of the ETF builder, will report on earnings on Wednesday. Wall Street expects sales to grow by 7%, and profits by 17%

2. Reducing Fed Reserve : The US Central Bank will make its final decision on Wednesday at 14:00 ET, and chairman Jerome Powell will speak at 2:30 pm. No raise is expected, so the hot topic is whether the Fed will hint at changes in its so-called quantitative rigid policies.

In 2017, the Fed decided that the US economy would be healthy enough to begin selling the central bank from the assets it was trading to stimulate recovery from the Great Recession. Critics say that the Fed's decision to reduce the balance contributed to economic turbulence. The Federal Reserve signaled that it could stop or slow down the disbursement of assets worth $ 4 trillion.
3. FedEx and Economics: The company has already warned that global problems, including trade disputes and economic slowdowns, could be a huge blow to the bottom of this year. FedEx ( FDX ) reduced its profit forecast by 7% to 10%, while the worst contractions fell on its international business.

The firm will publish quarterly earnings updates on Tuesday after closing markets. And if you consider macroeconomic problems, investors will look for how it affects one of the world's largest chicken companies.

4. The Problem of Zion Nick: This was a breakthrough that was heard all over the world when the Duke's basketball star Zion Williamson injured his knee after being blasted (19459013) tap. with North Carolina's rivals last month. This led to a drop in the company's shares. Nike said it was an "isolated case," but since March it has been madness since this week, another worry of wardrobe is Nike's last need.

Nevertheless, Wall Street awaits good news from Nike when it places its profits after a Thursday call. . It is expected that sales will increase by almost 7%. But investors will pay attention to everything the company says about demand in China and Europe, taking into account recent signs of quality in these countries

5. This week:

Monday – Overstock.com ( OSTBP ) and liquidators of wood ( LL ) revenues
Tuesday FedEx ( FDX ) earnings; DSW ( DSW ) investor's day
Wednesday General Mills ( GIS ) earnings ; crude oil reserves; Federal Reserve Interest Rate Decisions
Thursday – Revenues from Dardenne Restaurants ( DRI ) Tencent TCEHY Nike ( NKE ) ; IPO Levi Strauss is expected; Bank of England decision; EU leaders meet to discuss Britain's request to postpone Brexit
P & # 39; t Tiffany & Co ( TIF ) earnings; Data on house sales in February

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