"Privately-owned housing starts in January were at a seasonally adjusted annual rate of 591,000. This is 2.8 percent (±11.5%)* above the revised December estimate of 575,000 and is 21.1 percent (±12.3%) above the January 2009 rate of 488,000."http://www.census.gov/const/newresconst.pdfIf this continues it could create profits.
Why is XHB getting hammered today?
Prior month number was also revised upwards. Good to see.