Lowe's (LOW), Home Depot (HD) Mixed Following Case-Shiller; Real Estate ETFs Firmly Positive
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Home prices in March fell 3.61 percent, according to data from the Case-Shiller 20-City index. The index came in just 0.23 percent lower, to 138.16.
Home goods giants Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) were mixed on the news, Home Depot up about 0.3 percent today, while Lowe's is down about 0.3 percent.
ETFs tracking the housing market, however, are all in the green at mid-day. SPDR S&P Homebuilders (NYSE: XHB) is up 0.7 percent, iShares Dow Jones US Real Estate (NYSE: IYR) is 1.2 percent stronger, and iShares Dow Jones US Home Construction (NYSE: ITB) is 0.9 percent positive. Notably, S&P Homebuilders and DJ US Home Construction took a bit of a dip following the release of Case-Shiller, but have recovered since.
Home goods giants Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) were mixed on the news, Home Depot up about 0.3 percent today, while Lowe's is down about 0.3 percent.
ETFs tracking the housing market, however, are all in the green at mid-day. SPDR S&P Homebuilders (NYSE: XHB) is up 0.7 percent, iShares Dow Jones US Real Estate (NYSE: IYR) is 1.2 percent stronger, and iShares Dow Jones US Home Construction (NYSE: ITB) is 0.9 percent positive. Notably, S&P Homebuilders and DJ US Home Construction took a bit of a dip following the release of Case-Shiller, but have recovered since.
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