ITB - iShares US Home Construction ETF

BATS - BATS Real Time Price. Currency in USD
30.63
+0.51 (+1.69%)
At close: 3:59PM EST
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Previous Close30.12
Open30.58
Bid30.71 x 1800
Ask30.72 x 2900
Day's Range30.19 - 31.06
52 Week Range29.47 - 46.56
Volume3,709,982
Avg. Volume3,852,795
Net Assets859.63M
NAV32.38
PE Ratio (TTM)N/A
Yield0.49%
YTD Return-25.70%
Beta (3Y Monthly)1.36
Expense Ratio (net)0.43%
Inception Date2006-05-01
  • What to expect from housing in 2019
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  • Home builder confidence hits 3½ year low as housing crunch worsens
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    A measure of home builder sentiment touched its lowest in more than three years as housing market headwinds gathered steam, and the industry group that compiles the tracker blamed rising mortgage rates.

  • InvestorPlaceyesterday

    Best ETFs for 2019: A Contrarian Play in iShares US Home Construction ETF

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  • Mortgage Rates at 2-Month Low: Homebuilder ETFs in Focus
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  • ETF Trends12 days ago

    Homebuilder ETFs Find Strength as Mortgage Rates Slip

    After the sharp sell-off on Wednesday, home construction stocks and homebuilder sector-related exchange traded funds were among the few areas of strength Thursday in response to the fall in mortgage rates. On Thursday, the SPDR S&P Homebuilders ETF (XHB) rose 0.9% and iShares U.S. Home Construction ETF (ITB) increased 1.6%. Homebuilders have been under pressure as housing affordability concerns weighed on the sector, specially in recent months as mortgage rates and home prices continued to push higher.

  • ETF Trends13 days ago

    Rising Rates, Low Affordability Continue to Deconstruct Homebuilder ETFs

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  • Home-builder stocks sink after Toll Brothers blames rising rates, negative media for further market slowdown
    MarketWatch14 days ago

    Home-builder stocks sink after Toll Brothers blames rising rates, negative media for further market slowdown

    Shares of home builders took a broad beating Tuesday, after luxury builder Toll Brothers confirmed investors fears by saying it witnessed the housing market “soften further” in November, especially in California, because of reduced affordability and fewer foreign buyers.

  • Pending Home Sales Fall in October: Homebuilder ETFs in Focus
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    U.S. pending home sales fell by 2.6% in October, putting homebuilder ETFs in focus.

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  • MarketWatch20 days ago

    Home builders' stocks dive after disappointing new-home sales data

    Shares of home builders took a dive Wednesday, after data showing new home sales in October fell a lot more than expected. The iShares U.S. Home Construction ETF shed 2.2% in morning trade, with 44 of it 47 equity components trading lower. Among the more active home builders, shares of PulteGroup Inc. fell 3.5%, D.R. Horton Inc. dropped 2.1%, Toll Brothers Inc. gave up 3.5%, Lennar Corp. slid 2.8% and KB Home declined 3.2%. New-home sales fell 8.9% month-to-month to a seasonally adjusted annual rate of 544,000 in October, below expectations of about 589,000, while the median sales price fell 3.1% to $309,700. Earlier, real estate marketplace Zillow Group Inc. said it expected the home-buying market to continue to slow in 2019, as rising interest rates reduces affordability. The home construction ETF has has tumbled 18% over the past three months, while the S&P 500 has declined 7.2%.

  • Why the housing slowdown won’t become a housing crash
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  • Existing Home Sales Rebound in October: Relief for Builders?
    Zacks26 days ago

    Existing Home Sales Rebound in October: Relief for Builders?

    Existing-home sales stage first increase in six months in October, moving 1.4% up from September.

  • ETF Trends29 days ago

    Homebuilder ETFs Could Be Falling Apart as Construction Sentiment Plunges

    Homebuilder stocks and sector-related ETFs may be stuck in a mire as slowing demand among home buyers and a steep drop in housing starts drag down sentiment. The home construction industry weakened Monday after the National Association of Home Builders revealed U.S. home builder sentiment saw its steepest one-month decline in over four-and-a-half years in November due to rising mortgage rates and a tight home inventory, Reuters reports. “Today’s housing data was pretty bad,” Jim Smigiel, chief investment office of Absolute Return Strategies, told MarketWatch.

  • ETF Trends29 days ago

    Will Low Industry Sentiment Topple Homebuilder ETFs?

    The one-two punch combination of rising rates and low affordability continues to pound the housing industry as the National Association of Home Builders/Wells Fargo Housing Market Index, a key measure ...

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  • ETF Trendslast month

    Trouble Lurks for Homebuilders ETFs

    Homebuilders stocks and the related exchange traded funds recently rallied, albeit modestly, off 2018 lows, but some market observers believe the group remains vulnerable to additional downside. The SPDR S&P Homebuilders ETF (XHB) , iShares U.S. Home Construction ETF (ITB) and Invesco Dynamic Building & Construction ETF (PKB) are still sporting significant year-to-date losses. “The XHB homebuilders ETF and ITB home construction ETF are both tracking for their worst years since 2008, the middle of a housing crisis that demolished the group,” reports CNBC.

  • Investopedialast month

    2 Housing Stocks That Look Like Bargains

    Housing stocks are having a terrible year, weighed down by higher mortgage rates and raw-material costs. Because HVAC units typically last between 12 to 15 years, Baird analyst Tim Wojs sees strong demand for replacement-HVAC units over the next few years as units purchased during the height of the housing boom between 2003 and 2006 will soon need to be replaced. “We probably have a couple more years of strong replacement demand,” Wojs said.

  • Housing Market Facing Strong Headwinds: ETFs in Focus
    Zackslast month

    Housing Market Facing Strong Headwinds: ETFs in Focus

    Mortgage applications hit a near 4-year low lately as rising rate concerns are affecting the sector, putting homebuilder ETFs in focus.

  • Here’s what the bear market in home construction stocks is trying to tell us
    MarketWatchlast month

    Here’s what the bear market in home construction stocks is trying to tell us

    Halloween may have passed, but home construction stocks continue to build a house of horrors: They’re down nearly 40%, on average, from their early-2018 highs. Of course, it’s understandable why home construction stocks’ weakness is so worrying, since the sector proved to be a good leading indicator of the 2008-09 Great Financial Crisis. A year prior to the 2007-09 bear market, for example, the iShares U.S. Home Construction ETF (ITB) , for example, had already fallen 25%.

  • ETF Trends2 months ago

    Homebuilder ETFs Jump with Homeownership on the Rise

    Homebuilders stocks and sector-related ETFs led the charge on Tuesday as the homeownership rate in the U.S. gains momentum. Supporting the gains in the homebuilder sector, the Census Bureau revealed the homeownership rate was 64.4% in the third quarter, compared to 64.3% in the prior three months and 63.9% a year earlier, Bloomberg reports. The steady price gains in the housing sector over the past six years are starting to slow, potentially allowing more buyers to bid on houses without resorting to a pricey bidding war.

  • September New Home Sales Fall to Near 2-Year Low: ETFs in Focus
    Zacks2 months ago

    September New Home Sales Fall to Near 2-Year Low: ETFs in Focus

    The housing market is one of the few sectors in the U.S. that isn't riding on the country???s growth as rising rates and housing prices are resulting in lower sales, putting housing ETFs in focus.