Homebuilder ETFs Hit a Road Block as New Home Sales Fall

Homebuilder exchange traded funds have slowed down and an unexpected drop in single-family home sales further dragged on the home construction market. The SPDR S&P Homebuilders ETF (XHB) was down 0.9% and iShares U.S. Home Construction ETF (ITB) was 1.1% lower Wednesday, after declining 2.6% and 2.0% over the past month, respectively. Home [...] Read more at ETFtrends.com >>

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