After being on a downward trend, falling from 7.22% in May to 6.09% in mid-September, the 30-year mortgage rate reversed course, rising sharply to 6.79% in early November. This discouraged home buyers...
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built single-family homes stood at 46 in November, up three...
The U.S. economy added 12,000 jobs in October, down sharply from September and below the Dow Jones estimate for 100,000, as quoted on CNBC. The Boeing strike likely have withdrawn 44,000 jobs in the manufacturing...
U.S. job gains rose by the most in six months in September and the unemployment rate declined to 4.1%, pointing to a solid economy. The closely watched employment report also showed the economy added 72,000...
While the 30-year mortgage rate has improved and is again on a downward trajectory, it is crucial to acknowledge that it is still relatively high. However, mortgage rates are currently at 6.08% (as of...
According to Freddie Mac, for the week ending Sept. 12, the 30-year fixed-rate mortgage slipped to its lowest level since February 2023. The rate on the 30-year loan averaged 6.2%, down from the four-week...
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Trane Technologies has outperformed the Building & Construction industry over the past year, and analysts are moderately optimistic about the stock’s prospects.
The U.S. economy added 142,000 jobs in August 2024, more than a downwardly revised 89,000 in July but below forecasts of 160,000. Job gains occurred in construction, health care, government and social...
Vulcan Materials has significantly underperformed the broader market this year, but Wall Street analysts are moderately optimistic about the stock’s prospects.
The Invesco Building & Construction ETF is meant for investors with a little more experience, but it requires some digging to understand it.