ITB - iShares US Home Construction ETF

BATS - BATS Delayed Price. Currency in USD
31.41
-0.42 (-1.32%)
At close: 4:00PM EST
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Previous Close31.83
Open31.93
Bid0.00 x 800
Ask0.00 x 4000
Day's Range31.40 - 32.45
52 Week Range29.47 - 46.56
Volume3,407,929
Avg. Volume3,921,266
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
  • ETF Trends3 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 Trends4 days ago

    Rising Rates, Low Affordability Continue to Deconstruct Homebuilder ETFs

    A deadly combination of rising rates and low affordability continues to pound the housing industry, including homebuilders and homebuilder-focused exchange-traded funds (ETFs) alike, such as the Direxion ...

  • Home-builder stocks sink after Toll Brothers blames rising rates, negative media for further market slowdown
    MarketWatch5 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
    Zacks5 days ago

    Pending Home Sales Fall in October: Homebuilder ETFs in Focus

    U.S. pending home sales fell by 2.6% in October, putting homebuilder ETFs in focus.

  • Are Indicators Signaling a Downturn in US Economic Growth?
    Market Realist11 days ago

    Are Indicators Signaling a Downturn in US Economic Growth?

    The OECD (Organisation for Economic Co-operation and Development) has said that global economic growth has peaked. It lowered its growth forecast for global GDP (gross domestic product) to 3.5% for 2019 from 3.7%. It said that trade tensions have already erased 0.1–0.2 percentage points from the global GDP this year, and if the United States hikes tariffs on Chinese products to 25%, economic growth could fall to ~3% in 2020 from the current estimate of 3.5%.

  • MarketWatch11 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
    Yahoo Finance12 days ago

    Why the housing slowdown won’t become a housing crash

    The housing market is slowing down, but it's not cause for concern just yet.

  • Best & Worst ETFs of Thanksgiving Week
    Zacks13 days ago

    Best & Worst ETFs of Thanksgiving Week

    The three major indices logged in their biggest losses in a Thanksgiving week since 2011. We have highlighted the best and worst performing ETFs of the Thanksgiving week.

  • Existing Home Sales Rebound in October: Relief for Builders?
    Zacks17 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 Trends20 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 Trends20 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 ...

  • Has US Economic Growth Peaked?
    Market Realist20 days ago

    Has US Economic Growth Peaked?

    Could Gold Be the Best Bet amid Increased Economic Uncertainty? The Federal Reserve is predicting growth to slow to 2.5% next year before slowing down further to 2.0%. This data becomes even more disappointing given the fact that the investments should have ideally risen given the tax cuts implemented by the current administration.

  • Market Exclusive20 days ago

    Market Morning: Housing Numbers, Oil Bounce, ECB Soothes, Bitcoin Bloodbath

    This Week in Economic Data World Not much going on this week, but what is going on is all concentrated on Tuesday and Wednesday. On Tuesday we have housing starts and building permits, which give us a better idea of whether the slowdown we have seen lately in housing is something bigger than just a […] The post Market Morning: Housing Numbers, Oil Bounce, ECB Soothes, Bitcoin Bloodbath appeared first on Market Exclusive.

  • ETF Trends26 days ago

    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.

  • Investopedia27 days ago

    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 Trendslast month

    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
    Zackslast month

    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.

  • New-home sales plunge to a near two-year low as housing picture deteriorates
    MarketWatchlast month

    New-home sales plunge to a near two-year low as housing picture deteriorates

    The housing market is clearly taking a turn for the worse, as sales of newly-constructed homes fell off a cliff in September.

  • Trending: Chinese Stocks at Four-Year Lows Amid Fears of Deepening Trade Spat
    ETF Databaselast month

    Trending: Chinese Stocks at Four-Year Lows Amid Fears of Deepening Trade Spat

    The constant strain of the Sino-U.S. trade relationship brought Chinese stocks to their knees in 2018 – the latest wave of selling sending mainland Shanghai Composite Index to levels not seen since November 2014. Volatility-tied products are under pressure again as wild price swings have returned to the markets. U.S. homebuilders are going through rough times with disappointing numbers in building permits and housing starts. Rising funding costs are a major problem for indebted corporations, especially as U.S. companies’ debt load reached record levels of $6.3 trillion. Closing the list, FAANGs have a wall of worries to climb with Netflix hoping to lead the way up with surging revenue and subscriber adds. Check out our previous Trends edition at Major Stock Indices Feel The Pain of Multi-Year High Rates.

  • ETF Trends2 months ago

    Yields Head Lower on Weaker-than-Expected Housing Data

    The yields on benchmark Treasury notes headed lower Wednesday as the Commerce Department reported weaker-than-expected new home sales, which dropped by 5.5% during September--its lowest level since 2016. "Anyone watching home builder stocks or watching the data all year should not be surprised but its's clear this important area of the US economy, highly sensitive to price and rates, has obviously slowed sharply," said Peter Boockvar, chief investment officer for the Bleakley Advisory Group. The new home sales data comes as housing starts also fell more than expected, sliding by 5.3% to a seasonally adjusted annual rate of 1.201 million units last month, according to the Commerce Department.

  • ETF Trends2 months ago

    PulteGroup Q3 Earnings Help Prop Up Homebuilder ETFs

    While some big blue chip stocks revealed lackluster results for the third quarter, homebuilders and home construction-related ETFs climbed on strong earnings and forward guidance. On Tuesday, the SPDR ...

  • High times for homebuilder stocks
    Yahoo Finance Videolast month

    High times for homebuilder stocks

    Tom Lee, head of research and co-founder of Fundstrat Global Advisors, says homebuilders are a major buy. He joins Yahoo Finance's Julie Hyman and Adam Shapiro as well as Bullseye Brief author and publisher Adam Johnson to explain why.

  • Top-ranked analyst on his homebuilder upgrade
    CNBC Videoslast month

    Top-ranked analyst on his homebuilder upgrade

    Stephen Kim, Evercore ISI senior managing director, gives his view on the homebuilding sector.