{"id":30449,"date":"2026-03-16T21:04:22","date_gmt":"2026-03-16T21:04:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/mart-ayinda-abd-nahb-konut-piyasasi-endeksi-38e-yukselerek-analistlerin-37lik-beklentisini-asti\/"},"modified":"2026-03-16T21:04:22","modified_gmt":"2026-03-16T21:04:22","slug":"mart-ayinda-abd-nahb-konut-piyasasi-endeksi-38e-yukselerek-analistlerin-37lik-beklentisini-asti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/mart-ayinda-abd-nahb-konut-piyasasi-endeksi-38e-yukselerek-analistlerin-37lik-beklentisini-asti\/","title":{"rendered":"Mart ay\u0131nda ABD NAHB Konut Piyasas\u0131 Endeksi 38\u2019e y\u00fckselerek analistlerin 37\u2019lik beklentisini a\u015ft\u0131"},"content":{"rendered":"ABD\u2019de NAHB Konut Piyasas\u0131 Endeksi Mart\u2019ta 38 oldu. Bu seviye, 37 olan beklentinin \u00fczerinde ger\u00e7ekle\u015fti.\n\nEndeks, konut m\u00fcteahhitlerinin (yeni konut \u00fcreten \u015firketler) bu ay beklentiden biraz daha iyimser oldu\u011funu g\u00f6steriyor. G\u00fcncellemede daha ayr\u0131nt\u0131l\u0131 alt kalem bilgisi verilmedi.\n\nMart m\u00fcteahhit g\u00fcven endeksi 38 ile, 37 olan tahminimizin az da olsa \u00fcst\u00fcnde geldi. Endeksin 50\u2019nin alt\u0131nda olmas\u0131 genel olarak k\u00f6t\u00fcmserli\u011fe i\u015faret eder. Ancak bu k\u00fc\u00e7\u00fck s\u00fcrpriz, konutta ya\u015fanan sert durgunlu\u011fun (piyasadaki belirgin yava\u015flama) hafiflemeye ba\u015flayabilece\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Bu nedenle konutla ba\u011flant\u0131l\u0131 varl\u0131klar\u0131 k\u0131sa vadeli olas\u0131 bir y\u00f6n de\u011fi\u015fimi i\u00e7in yak\u0131ndan izlemek gerekir.\n\nBu s\u0131n\u0131rl\u0131 toparlanma, \u015eubat 2026 T\u00dcFE (T\u00fcketici Fiyat Endeksi; t\u00fcketici fiyatlar\u0131ndaki art\u0131\u015f\u0131n g\u00f6stergesi) verilerinde \u00e7ekirdek enflasyonun (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) %3,1\u2019de y\u00fcksek kalmas\u0131na ra\u011fmen g\u00f6r\u00fcl\u00fcyor. Bu durum Fed\u2019in (ABD Merkez Bankas\u0131) i\u015fini zorla\u015ft\u0131r\u0131yor. \u00d6te yandan 30 y\u0131ll\u0131k mortgage (konut kredisi) faizleri, 2025 sonundaki zirvelerden gerileyerek ge\u00e7en hafta \u00fclke genelinde ortalama %6,4\u2019e indi. Bor\u00e7lanma maliyetlerindeki bu k\u00fc\u00e7\u00fck rahatlama, m\u00fcteahhit g\u00fcvenini az da olsa destekliyor olabilir.\n\nGeride kalan d\u00f6nemde, 2025 boyunca y\u00fcksek finansman maliyetleri nedeniyle g\u00fcvenin 40\u2019lar\u0131n d\u00fc\u015f\u00fck seviyelerinin \u00fczerine \u00e7\u0131kmakta zorland\u0131\u011f\u0131 g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Endeks, 2023\u2019teki sert d\u00fc\u015f\u00fc\u015fte 30\u2019lar\u0131n d\u00fc\u015f\u00fck seviyelerine kadar gerilemi\u015fti. Bu a\u00e7\u0131dan 38 seviyesi h\u00e2l\u00e2 zay\u0131f olsa da, yava\u015f ve k\u0131r\u0131lgan bir toparlanman\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor. Ge\u00e7mi\u015f y\u0131llardaki iyimserlikten h\u00e2l\u00e2 uza\u011f\u0131z, ancak e\u011filim art\u0131k s\u00fcrekli a\u015fa\u011f\u0131 y\u00f6nl\u00fc de\u011fil.\n\n\u00d6n\u00fcm\u00fczdeki haftalar i\u00e7in, XHB ve ITB gibi konut m\u00fcteahhitleri ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon; hisse gibi al\u0131n\u0131p sat\u0131lan fon) k\u0131sa vadeli al\u0131m opsiyonlar\u0131 (call: belirli bir fiyattan alma hakk\u0131) de\u011ferlendirilebilir. K\u00fc\u00e7\u00fck bir veri olsa da, bask\u0131 alt\u0131ndaki sekt\u00f6rde k\u0131sa s\u00fcreli bir toparlanma rallisini tetikleyebilir. Bu, m\u00fcteahhit g\u00fcveninde en k\u00f6t\u00fcn\u00fcn geride kalabilece\u011fi varsay\u0131m\u0131na dayal\u0131 taktik bir i\u015flemdir.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Konut cephesinde s\u00fcrpriz sinyal: ABD NAHB Endeksi Mart\u2019ta 38\u2019e \u00e7\u0131k\u0131p 37 beklentisini a\u015ft\u0131. 50 alt\u0131 h\u00e2l\u00e2 k\u00f6t\u00fcmserlik; ancak d\u00fc\u015fen mortgage faiziyle durgunluk hafifleyebilir, XHB\/ITB izlenmeli.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30449","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30449"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30449\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}