Why the US housing stocks didn't collapse (twice) in the 2nd half of the 2022 | Importance of the COT Index
Who saved the US housing market (twice) in the 2nd half of the 2022? The following article describes two observations during the second half of the 2022 year spotted on the DOW JONES U.S. REAL ESTATE IDX - CHICAGO BOARD OF TRADE contract (COT Data) that reflected on the price of the PHLX Housing Index (HGX) and the US Residential Construction stocks. In the second half of the 2022 year there were two occurrences where the US housing market was about to collapse. Although, the strong buying from the C ommercials traders has changed the odds. US housing macro outlook (2022): Majority of the US Housing macro indicators shows similar pattern for 2022. December 2021 and January 2022 marked the top for most of the US housing indicators. Since then, a gradual slope has started progressing for the next months to come. Existing Home Sales: New Privately-Owned Housing Units Authorized in Permit-Issuing Places: The 1st Commercials strong buying occurrence. 24.06.2022 (week 25 of 2022) The