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

Lumber Futures: The Taming Of The Inflation Shrew

Direxion Daily CSI 300 China A Share Bull 2X Shares

Direxion Daily Aerospace & Defense Bull 3X Shares

Direxion Daily Emerging Markets Bull 3X Shares

BMO REX MicroSectors FANG+ Index 3X Leveraged ETN

Direxion Daily Semiconductor Bull 3x Shares

We highlight a few leveraged ETFs that shot up last week.

Top Leveraged ETFs of Last Week

The US Commerce Department recommended a more than doubling of the tariffs on Canadian lumber last Friday despite a meteoric rise in prices and demand for the commodity. Specifically, the department recommended the "all others" preliminary countervailing and anti-dumping rate move to 18.32% from 8.99%.

US authorities move to double tariffs on Canadian lumber despite a meteoric rise in prices and demand

Sherwood Lumber COO Kyle Little told CNBC on Thursday he expects the hot lumber market to persist, keeping both prices and volatility elevated.

Lumber executive expects volatility, elevated prices to last for 'foreseeable future'

Lumber prices have been on a tear over the past year, with futures rising more than 275% since May 20, 2020. Over the past eight days, prices have retreated nearly 30% in a reprieve for home builders, renovators, and retailers. But Thursday saw the pullback come to an end.

6 reasons why lumber prices are soaring in record-setting fashion — and why demand won't die down anytime soon, according to 2 experts

The decline suggests supply-demand imbalances will normalize as the economy recovers, says Cornerstone Macro's Nancy Lazar. Rising wages offer a counterpoint to the temporary-inflation view.

A Case for Transitory Inflation: Lumber Prices Are Down 22% Since May 10 Peak

Lumber futures are trading higher Wednesday for the first in eight days as buyers emerge following a bruising seven-day selloff that dropped prices by as much as 29%.

Lumber prices bounce back after bruising 7-day selloff

Lumber prices fell for an eighth straight day on Wednesday, deepening a roughly 30% pullback in the commodity. Specifically, lumber futures fell roughly 5% to $1,201 per thousand board feet on the day.

Lumber prices fall for an 8th straight day, deepening a roughly 30% pullback

Lumber sank again on Wednesday and threatened to derail a monthslong frenzy that pushed the price of wood to record levels.

Lumber futures fall for an eighth-straight day, as speculation that took prices to a record unwinds

The economy is reopening at such speed that it's caused all kinds of shortages, from chicken wings to computer chips. But nobody saw lumber coming. America is in a lumber frenzy, and it's not abating anytime soon.

The price of lumber is wild right now and it's a disaster for the already disastrous housing market

Lumber prices fell for the sixth straight day on Monday, even as supply bottlenecks at mills across the US and Canada persist. Specifically, lumber futures fell to $1,327 per thousand board feet and are now down roughly 20% from May 7's record high of more than $1,670.

Lumber prices decline for a 6th straight day even as supply bottlenecks persist

Hoya Capital Housing ETF

iShares U.S. Home Construction ETF

iShares U.S. Real Estate ETF

Invesco Dynamic Building & Construction ETF

SPDR S&P Homebuilders ETF

Over the past 12 months, lumber prices have skyrocketed. To date, the homebuilders have been able to offset higher lumber costs with price increases, while earnings have remained strong.

Higher Lumber Prices And Homebuilder Credit Quality

Direxion Daily Regional Banks Bull 3X 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

Amid the strong optimism, investors have turned bullish on the cyclical sectors and are seeking to tap this opportunity.

Go Cyclical With These Leveraged ETFs

Lumber prices topped $1,600 per thousand board feet for the first time ever this week as the ongoing homebuilding push continues to drain lumber producers already lagging supply. Stocks related to lumber are soaring in response.

Lumber prices top $1,600 for the first time ever as the ongoing homebuilding craze drains supply

Direxion Daily Healthcare Bull 3x Shares

Direxion Daily Financial Bull 3x Shares

Direxion Daily S&P 500 Bull 3x Shares

ProShares UltraPro QQQ

Direxion Daily Utilities Bull 3X Shares

Direxion Daily Consumer Discretionary Bull 3X Shares

Wall Street had a solid run last month, with the S&P 500 and the Dow Jones logging in gains for the fourth consecutive month, rising about 5% and 2.7%, respectively.

Leveraged ETFs That Gained Double Digits in April

In March, sales of existing homes – single-family houses, condos, and co-ops – dropped by 3.7% from February after the 6.3% plunge in February from January, to a seasonally adjusted annual rate of 6.01 million homes.

Amid Wild Distortions, Housing Prices Spike, But Sales Plunge

Wood woes for 2021 continue as customers still have to deal with rising lumber prices amid a shortage and other market issues. The post Wood Woes 2021: When Will Lumber Prices Return to Normal?

Wood Woes 2021: When Will Lumber Prices Return to Normal?

You can see that house prices really took off compared with rents during the housing bubble, and have done so again in the past year. Rents have only gone up about 2% in the past year, while house prices have gone up 12%.

A Housing Market Quandary

Despite interest rates inching higher, robust demand for housing is helping to instill confidence in homebuilders, which is subsequently fueling the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL). “The National Association of Home Builders' monthly confidence index increased by a point to a reading of 83 in April, the trade group said,” a MarketWatch report said.

As Homebuilders Soar, This ETF Hits the ‘NAIL' on the Head

Lumber has staged an incredible rally in the last year and is taking exchange-traded funds that track the commodity along for the ride. The iShares Global Timber & Forestry ETF (WOOD) has climbed 89% in the last 12 months and now sits at a record high. The fund tracks global timber and forestry stocks and gained nearly 7% in premarket trading Tuesday but pulled back at the open. Bloomberg first reported on the funds record performance.

Lumber prices have soared 230% in the last year, pushing timber and homebuilding ETFs to record highs

Direxion Daily S&P 500 High Beta Bull 3X Shares

The combination of rapid COVID-19 vaccinations, progress on vaccines, and an unprecedented stimulus have been the major catalysts.

5 Best-Leveraged ETFs of the First Quarter

Direxion Daily Industrials Bull 3X Shares

Direxion Daily S&P Biotech Bear 3X Shares

Amid the bull and bear tug-of-war, the demand for leveraged and inverse-leveraged ETFs has increased.

7 Best Leveraged/Inverse ETFs Up 20% Plus in March

UBS London ETRACS Monthly Reset 2xLeveraged ETN 2015-13.3.45 Sr Lkd to ISE Exclusively Homebldrs Idx Ser A

Interest rates lead housing sales and construction - which appear to have peaked. Sales and construction lead prices - which are still sharply rising.

Will A Housing Construction Downturn In 2021 Lead To Recession In 2022? A 75-Year Review

On Wednesday, the Federal Reserve tried to put inflation fears to bed, propelling homebuilder ETFs like the triple-leveraged Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL). During the meeting, the Fed announced it would stand pat on rates.

Up a Whopping 850%, This Homebuilder ETF Can Keep Hammering Out Gains

A pandemic-induced spike in housing demand and a dearth of supply suggests that the spring housing market could be one of the most competitive ever. A significant fall in new listings due in part to severe weather, in conjunction with already anemic supply, will make it extremely challenging for buyers to find their dream home [.

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