Housing Market Update
Do the rising interest rates started to take a toll on new home buyers? Maybe! At least new home sales missed most analyst’s expectations.
Here are the hard numbers: the new home sales decreased 5.3% month-over-month in June to a seasonally adjusted rate of 631,000. The number itself does not tell you much, of course. Moreover, it is significantly below most the estimates (O.K. – what a big deal? Most analysts are wrong most of the time anyway). But what is important is that the June decline is the largest monthly drop since December – and the prices declined as well.
The median sales price decreased by 4.2% year-over-year to $302,000 (Bay Area residents – do not laugh – these new buyers were not buying garages – but real houses). The average price decreased by 2.0% to $363,300.
ITB in upward trend: price rose above 50-day moving average on January 08, 2026
ITB moved above its 50-day moving average on January 08, 2026 date and that indicates a change from a downward trend to an upward trend. In of 28 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 04, 2026. You may want to consider a long position or call options on ITB as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ITB just turned positive on February 05, 2026. Looking at past instances where ITB's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for ITB crossed bullishly above the 50-day moving average on January 12, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ITB advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ITB moved out of overbought territory on January 16, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ITB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ITB broke above its upper Bollinger Band on January 08, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ITB entered a downward trend on January 08, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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