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Homebuilders are facing a make-or-break level, according to charts

Keris Lahiff

The homebuilders are getting crushed this year. The XHB homebuilders ETF XHB and ITB home construction ETF ITB are both tracking for their worst years since 2008, the middle of a housing crisis that demolished the group. A technical retracement refers to a pullback within an uptrend that gives back some of the gains already logged.