D.R. Horton

Lennar

PulteGroup

Home Depot

Sherwin-Williams

Lowe's

Toll Brothers

TopBuild

Lennox International

Direxion Daily Homebuilders & Supplies Bull 3X Shares

NAIL provides 3x daily leveraged bullish exposure to an index composed of US companies within the home construction sector.

Invesco MSCI Global Timber ETF

iShares Global Timber & Forestry ETF

The average 30-year fixed-rate mortgage climbed 25 basis points to 5.65% for the week ended June 10, the highest level since late 2008.

Lumber prices hover near recent lows as new home construction sinks and mortgage rates jump to highest since 2008

"Some parts of town where finished homes are now taking a month to sell versus hours. Market is definitely correcting," a home builder in Texas said.

Lumber prices just hit their lowest point in 9 months as mortgage demand sinks to levels not seen in 2 decades

Fed Vice Chair Lael Brainard told CNBC it's "very hard to see the case" to pause its interest rate hikes until inflation is tamed.

Lumber prices see no relief and continue to drop as Fed rate hikes put pressure on the housing market

"Similar to other locations, lumber remained weak," JPMorgan said in a recent channel check of home improvement stores like Home Depot and Lowes.

Lumber prices plunge 12% to new 2022 lows as wood inventories start to pile up

MicroSectors U.S. Big Banks Index 3X Leveraged ETN

Direxion Daily Financial Bull 3x Shares

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs

Direxion Daily Retail Bull 3X Shares

Direxion Daily Transportation Bull 3X Shares

The S&P 500 recorded its best week since November 2020 last week.

Best Leveraged Equity ETF Areas of Last Week

"It looks like more [home sales] declines are imminent in the upcoming months, and we'll likely return to the pre-pandemic home sales activity."

Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic

Direxion Daily Homebuilders & Supplies Bull 3X Shares (NYSE: NAIL) was spiking up almost 7% higher on Friday, in an attempt to reverse course from its most recent downtrend, which began on May 4. NAIL is a triple leveraged fund that is designed to outperform 52 U.S. companies in the home.

Is This Homebuilding ETF (NAIL) Ready To Reverse Course?

"Many first-time buyers simply no longer qualify with the increase in interest rates, as their debt-to-income ratio gets out of whack," one homebuilder said.

Lumber prices fall to their lowest level in 2022 as the highest mortgage rates in 13 years dent housing demand

The Federal Reserve is expected to continue raising interest rates through the rest of 2022, but that doesn't appear to be affecting new home construction so far. The U.S. Census Bureau reported positive numbers for new home construction.

Despite Rising Rates, New Home Construction Improves

Futures pricing "tells me is there's still a long-term, bullish supply-demand situation in lumber," said commodities analyst Darin Newsom.

Lumber prices have slumped as mortgage rates cool housing demand, but the commodity may bounce back up by 13% on tight supply, 2 experts say

"Buyers remained cautious in light of heightened lumber prices, inflation concerns, and rising mortgage rates," Bank of America said.

Lumber falls to fresh 2022 lows as spike in mortgage rates cools housing demand and inflation puts dent in home renovations

Surging mortgage rates will only add to the barriers faced by consumers in the already restrictive housing market.

Lumber prices are flirting with a crucial level as mortgage rates jump above 5% for first time in years

The average traditional 30-year fixed mortgage rate hit 4.72% on Tuesday, representing a big jump since the Fed began hiking interest rates last week.

Lumber prices fall 22% in March as housing market cools on soaring mortgage rates

NAIL should only be pursued by investors with a trading mindset and those who have the bandwidth to manage leverage risk.

NAIL ETF: A Few Considerations

Prices for iron, oil, soybeans, and fertilizer have also pointed higher amid cold winter weather, geopolitical tensions, and supply chain disruptions.

Lumber prices are up 29% in February as pace of economic reopening sparks new rally in global commodities

A surge in mortgage rates contributed to a decline in pending home sales last month, according to the National Association of Realtors.

Lumber prices crash 30% in 2 weeks as rising mortgage rates take some heat out of US housing market

"Being told factories are still not operating at capacity and tariffs aren't allowing solid competition to provide relief," one home builder said.

Lumber prices are 'looking like a repeat of 2021' as housing demand remains red-hot and supply chain disruptions persist

Lumber futures rose for the fourth-straight session on Friday to their highest level since June 2021.

Lumber prices are at a 7-month high and are set to stay elevated on the back of 3 key trends, an expert says

Lumber saw a whirlwind of action last year, with a rally to an all-time high in prices followed by a slump to one-year lows, and a recovery that led to the commodity's strongest quarterly performance on record.

Commodities Corner: Here's what's in store for the lumber market after a whirlwind 2021

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Industrials Bull 3X Shares

MicroSectors Gold Miners 3X Leveraged ETN

Direxion Daily S&P Biotech Bear 3X Shares

Direxion Daily Mid Cap Bull 3x Shares

ProShares Ultra Real Estate

Direxion Daily Utilities Bull 3X Shares

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.

Top Performing Leveraged/Inverse ETFs: 01/02/2022

The effects of the pandemic haven't let up, with the introduction of the Omicron variant forcing social distancing measures once again, which should benefit homebuilders. One leveraged ETF in particular, the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL), has been a boon for traders who identified the upside with its almost 150% year-to-date gain.

Leveraged Homebuilder ETF Up Almost 150% the Past Year

Direxion Daily Semiconductor Bull 3x Shares

Direxion Daily Consumer Discretionary Bull 3X Shares

Leveraged ETFs provide multiple exposure (2X or 3X) to the daily performance of the underlying index by employing various investment strategies such as swaps, futures contracts and other derivative instruments.

5 Best-Performing Leveraged ETFs of Q4

Direxion Daily Healthcare Bull 3x Shares

ProShares Ultra Telecommunications

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.

5 Leveraged ETFs That Gained Double-Digits in December

Editor's note: Any and all references to timeframes longer than one trading day are for purposes of market context only, and not recommendations of any holding timeframe. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Is A Homebuilders Stock Trade Brewing? NAIL ETF & Double Doji

Inflation and rising costs of borrowing will likely put the breaks on the housing market.

News for Direxion Daily Homebuilders & Supplies Bull 3X Shares ETF (NAIL)