D.R. Horton

Lennar

PulteGroup

Lowe's

Home Depot

Sherwin-Williams

Toll Brothers

TopBuild

Builders FirstSource

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

"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.

Why Lumber Won't Boom In 2022

Lumber prices have shot up again in a rise reminiscent of a year ago, when high-climbing wood prices warned of the hinky supply lines and broad inflation to come.

Lumber prices have new growth spurt

British Columbia last month struggled with heavy rainfall that resulted in delays in exporting lumber.

Lumber prices have spiked 95% in 5 weeks as supply issues arise following Canadian floods while demand stays strong

JPMorgan BetaBuilders MSCI US REIT ETF

Invesco S&P 500 Equal Weight Real Estate ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Hoya Capital Housing ETF

iShares Cohen & Steers REIT ETF

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Home Construction ETF

Invesco Real Assets ESG ETF

iShares U.S. Real Estate ETF

Janus Henderson U.S. Real Estate ETF

Invesco KBW Premium Yield Equity REIT ETF

VanEck Mortgage REIT Income ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

Janus Detr Strt Shs Long-Term Care

Invesco Dynamic Building & Construction ETF

US Diversified Real Estate ETF

Invesco Active US Real Estate

iShares Global REIT ETF

ALPS Active REIT ETF

iShares Mortgage Real Estate ETF

iShares Residential Real Estate ETF

IQ US Real Estate Small Cap ETF

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Global X SuperDividend REIT ETF

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

SPDR S&P Homebuilders ETF

Real Estate Select Sector SPDR Fund

Total housing starts rose to a 1.679 million annual rate in November from a 1.502 million pace in October, an 11.8 percent increase. Starts of multifamily structures with five or more units increased 12.1 percent to 491,000 and are up a robust 39.1 percent over the past year while starts for the two- to four-family-unit segment were up 50.0 percent at a 15,000-unit pace versus 10,000 in October.

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