ITB - iShares U.S. Home Construction ETF
| Previous Close | 37.90 |
| Open | 37.85 |
| Bid | 38.19 x 900 |
| Ask | 38.45 x 3200 |
| Day's Range | 37.82 - 38.35 |
| 52 Week Range | 28.25 - 40.97 |
| Volume | 1,439,775 |
| Avg. Volume | 3,009,017 |
| Net Assets | 1.2B |
| NAV | 38.28 |
| PE Ratio (TTM) | N/A |
| Yield | 0.58% |
| YTD Return | 26.64% |
| Beta (3Y Monthly) | 1.30 |
| Expense Ratio (net) | 0.43% |
| Inception Date | 2006-05-01 |
- ETF Trends•5 days ago
Good Vibrations Ahead for Homebuilder ETFs?
It could be good vibrations ahead for homebuilder-focused exchange-traded funds (ETFs) after the National Association of Home Builders/Wells Fargo Housing Market Index rose a point during the month of ...
- Zacks•17 days ago
Why Housing ETFs & Stocks Could Spring Higher
The housing sector has entered the key spring selling season. This plus a dovish Fed should may help these ETFs and stocks.
- MarketWatch•23 days ago
New-home sales rise in February to 11-month high: a ‘Goldilocks’ moment for housing?
Sales of newly-constructed homes were much higher in February, but earlier months’ data were marked down, leaving the housing market plodding just ahead of its year-ago pace.
- MarketWatch•23 days ago
Hovnanian executes 1-for-25 reverse stock split, to lift price well above $1 mark
Hovnanian Enterprises Inc. said Friday it executed a 1-for-25 reverse stock split, with the stock trading on a split-adjusted basis as of 12:01 a.m. Eastern. The home builder's stock closed Thursday at 55 cents, which on a split-adjusted basis would be $13.75. The was trading 9.8% below that level in premarket trading. On a pre-split basis, the stock had closed below $1.00 since Dec. 14. The company said the reverse split was intended to regain compliance with the NYSE's minimum average closing price requirement. It has tumbled 70% over the past 12 months through Thursday, while the iShares U.S. Home Construction ETF has lost 10.3% and the S&P 500 has gained 6.6%.
- ETF.com•24 days ago
ETF Has New Take On Housing
'HOMZ' strays outside traditional sector lines to give investors exposure to multiple areas of the housing market.
- ETF Trends•25 days ago
Homebuilder ETFs Find Strength from Falling Treasury Yields
The 10-year benchmark Treasury yield fell on Wednesday, causing homebuilder exchange-traded funds (ETFs) to gain strength, such as the iShares US Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB) . The 10-year note hit its lowest level since late 2017, causing fears of a global economic slowdown that caused the Dow Jones Industrial Average to fall as much as 200 points. Investors are honing in on the higher 3-month yield relative to the lower 10-year yield--a condition that causes an inverted yield curve--a possible signal of a forthcoming recession.
- InvestorPlace•26 days ago
Best ETFs for 2019: The Rally in the iShares Home Construction ETF Should Continue
Editor's note: This article is a part of InvestorPlace.com's Best ETFs for 2019 contest. Vince Martin's pick for the contest is the iShares Dow Jones US Home Const. ETF (BATS:ITB).Heading into 2019, the case for the iShares Dow Jones US Home Const. ETF (BATS:ITB) was reasonably simple. Housing and construction stocks were hammered in 2018. In fact, ITB stock dropped some 31%. While there were concerns -- slowing new construction spending, labor shortages, rising input costs -- the steepness of the decline seemed to be an overreaction.That case is why I chose ITB as my pick for the Best ETF of 2019. So far, the call is working out. ITB stock has gained 16% so far this year -- and risen 25% from late December lows.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet even with those gains, the core bull case here still holds. Many housing stocks still are cheap. The sector on the whole doesn't seem to be getting enough credit. While the rest of the market signals continuing economic strength, ITB stock still discounts quite a bit of risk. Particularly for investors who believe the market, and the economy, will stay healthy going forward, ITB remains an attractive choice. The iShares Dow Jones US Home Const. ETF in 2019Again, ITB has performed well so far this year. But in context, the 16% gains so far this year perhaps aren't that impressive. The S&P 500 index has gained almost 12%, meaning housing and construction stocks have only modestly beaten the market so far in 2019. * 7 Marijuana Stocks to Play the CBD Trend That gap actually is narrower than a housing bull might have expected. After all, the divergence in 2018 was much sharper: ITB dropped a whopping 31% against just a 6% decline in the index. Going back to the beginning of 2018, ITB has declined 13%, and the S&P 500 has risen nearly 5%.The question at the moment is whether that gap should persist or narrow. Skeptics might point to slower new home sales, in particular, as a reason for caution. Whether it's demand for rentals among younger customers or a literal lack of land in popular markets like Denver and Seattle, housing simply is a tougher industry than most right now. ITB's five largest holdings are homebuilders, with Lennar (NYSE:LEN) and D.R. Horton (NYSE:DHI) alone comprising 27.3% of the fund.But homebuilder stocks actually have done quite well this year: LEN has gained 25% and DHI 21%. And yet the group remains cheap, with those stocks generally trading at a single-digit multiple to earnings. The rest of the fund, meanwhile, has a potential catalyst as 2019 rolls on. Will Smaller Positions Boost ITB Stock?Even with homebuilders doing better, building suppliers and retailers are performing mostly in line with the market. Home Depot (NYSE:HD), for instance, has modestly underperformed the market. So has The Sherwin-Williams Company (NYSE:SHW), the fund's eighth-largest holding.The case for ITB was that even if new home sales stayed soft, a strong economy would lift renovation and remodeling spending. Yet it has been ITB's exposure to new construction, not R&R, that has driven a majority of its gains so far.Over the rest of 2019, then, there's a clear path for ITB to continue to rise. Economic strength should increase confidence toward renovation and remodeling, providing another driver for the fund's holdings.In that context, the bull case here seems largely intact. Even with a strong start to the year, construction stocks still are lagging the market over a broader timeframe. That leaves room for ITB to continue to outperform in coming quarters. And if new home sales numbers can strengthen, the ETF could skyrocket.ITB does require the U.S. economy to stay strong, and any macro weakness is the biggest risk to the thesis. But for investors projecting that strength will continue, ITB remains a solid choice for market-beating returns.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Best ETFs for 2019: The Rally in the iShares Home Construction ETF Should Continue appeared first on InvestorPlace.
- MarketWatch•26 days ago
Home builder stocks mostly lower, after disappointing data and loss warning from Beacon Roofing
The home-building sector was trading mostly lower Tuesday, in the wake of disappointing housing starts data and a warning of a wider-than-expected loss from roofing materials distributor Beacon Roofing Supply Inc. . The iShares U.S. Home Construction ETF fell 0.8%, with 31 of 48 components losing ground. Earlier, the Commerce Department reported February housing starts fell almost 9% to an annual pace of 1.16 million, below the average forecast of economists surveyed by MarketWatch of a seasonally adjusted rate of 1.21 million. And Beacon Roofing's stock tumbled 7.2% after the company said late Monday that it expected a fiscal second-quarter adjusted loss of 45 cents to 55 cents, compared with the current FactSet loss-per-share consensus of 39 cents, and the loss consensus of 25 cents a share at the end of February. The company blamed "extremely harsh weather conditions" for the miss. Meanwhile, shares of KB Home , which reports fiscal first-quarter results after the close, fell 0.6%, and Lennar Corp. , which reports before Wednesday's open, slumped 1.3%. The home construction ETF has rallied 16% year to date, while the S&P 500 has gained 13%.
- Benzinga•26 days ago
This Leveraged ETF Is Nailing It
One of this year's most impressive redemption stories on Wall Street is that of the homebuilders. After plunging nearly 31 percent last year, the Dow Jones U.S. Select Home Construction Index is higher ...
- MarketWatch•27 days ago
KB Home's stock surges ahead of earnings as Susquehanna expects orders beat
Shares of home builder KB Home surged 4.8% in afternoon trade Monday, enough to pace the home construction sector's gainers, after an upbeat call by analyst Jack Micenko at Susquehanna, a day ahead of the company's (KBH) fiscal first-quarter results. The company is slated to report results after Tuesday's close. "We particularly like the set up for KBH into tomorrow's print," Micenko wrote in a note to clients. "The focus will be on orders and we think they will come in better than consensus." The FactSet consensus for deliveries is 2,187 units and for new orders is 2,576. Micenko said he believes Lennar Corp. , which is scheduled to report results before Wednesday's open, can also beat orders expectations given conservative guidance, but is worried about gross margin guidance for the rest of the year. Lennar shares rose 3.0% in afternoon trade. KB Home's stock has rallied 24.8% year to date and Lennar's stock has run up 26.8%, while the iShares U.S. Home Construction ETF has hiked up 16.9% and the S&P 500 has gained 9.4%.
- MarketWatch•last month
Existing-home sales roar back in February, hitting an 11-month high
Sales of previously-owned homes surged back, leaving forecasts in the dust, reaffirming strong demand for housing amid familiar headwinds.
- Investopedia•last month
Fed Caution Could Underpin Homebuilding Stocks
Homebuilders could head higher in coming months, with lower mortgage rates fueling more robust sales.
- Zacks•last month
Rate Sensitive ETFs in Focus Ahead of Fed Meeting
Investors could make a near-term bet on rate sensitive sectors in the basket form as these will continue to trade smoothly if interest rates remain steady.
- Investing.com•last month
3 Things Under the Radar This Week
Investing.com - Here’s a look at three things that were under the radar this past week.
- Investopedia•last month
Casino and Construction Sub-Sector Weakness
Now that we're seeing some downside follow-through for the first time since December, I wanted to outline a few more potential short setups on an absolute and relative basis. The S&P Midcap 400 Consumer Discretionary Index is one of the cleanest charts I see out there on an absolute basis, with well-defined risk and reward/risk clearly skewed in favor of the bulls. Since there's no exchange-traded fund (ETF) to trade this, I had to look through some of the individual components to see how we can best express this thesis in the market.
- Zacks•2 months ago
Homebuilder ETFs Shining Ahead of Spring Selling Season
Investors seeking to tap the solid trend in the homebuilder space could look at the three ETFs that make for a more compelling choice rather than a single stock.
- MarketWatch•last month
More new-home sales are for houses that haven’t even been started yet. That’s not a good thing.
The share of new-home sales that were for houses not even started yet reached a one-year high, but one economist who cheered that measurement earlier in the housing cycle now thinks it shows something very different.
- MarketWatch•2 months ago
Pending home sales roar back, suggesting a spring uptick for housing
The numbers: A measure of pending home-sales jumped 4.6% in January, the National Association of Realtors said Wednesday. What happened: NAR’s pending home-sales index, which tracks home contract signings, registered at a reading of 103.2 in January after it touched a nearly five-year low in December. Big picture: With a broad array of headwinds and tailwinds buffeting the housing market, sales patterns have been choppy.
- MarketWatch•2 months ago
After the worst year in a decade, housing stocks are poised to have a banner year
A Fed that has adopted a less-aggressive stance in lifting borrowing costs has helped to quell a jittery stock market, but arguably few sectors have benefited more from that policy shift than housing shares. Housing shares are poised for their second-best yearly return of the past seven years, according to FactSet data, even as popular home-building exchange-traded funds were sliding on the day after a barrage of weaker housing data.
- Market Exclusive•2 months ago
Market Morning: India Pakistan Unease, Goldman $1.9B Down, AT&T Warner Approved, Housing Blues
Uh Oh…Two Nuclear Powers Start Bombing Each Other India and Pakistan have never been close friends ever since the countries were divided into two separate states in August 1947, but now that they both possess nuclear weapons, one would really hope that they keep calm. Unfortunately, Pakistan just downed two Indian aircraft after India bombed […]The post Market Morning: India Pakistan Unease, Goldman $1.9B Down, AT&T Warner Approved, Housing Blues appeared first on Market Exclusive.
- MarketWatch•2 months ago
Consumer confidence rebounds after Wall Street rally, end of shutdown
Consumer confidence surged in February and rose for the first time in four months, a sign that Americans have regained optimism after the recovery in the U.S. stock market, the end of the government shutdown and diminished worries about recession. The consumer confidence index climbed to 131.4.
- MarketWatch•2 months ago
Housing starts sink 11% to two-year low in December, but rising permits point to rebound
Construction on new houses sank 11% in December to a more than two-year low, but builders applied for more permits in a sign that a rebound is near. Housing starts tumbled to an annual rate of 1.08 million in the final month of 2018.
- Zacks•2 months ago
Low Mortgage Rates Brighten Homebuilder ETFs' Outlook
The housing market has perked up ahead of the key spring selling season thanks to declining mortgage rates.
- Benzinga•2 months ago
The Risk Of Another Housing Market Crash
Fortunately for homeowners, the housing market recovered relatively quickly. Bubbles are notoriously hard to recognize in real-time, but there are certainly telltale signals to watch in the housing market. During that same stretch, housing prices nearly doubled that gain, rising 48 percent.
- Zacks•3 months ago
November New-Home Sales Hit 8-Month High: 5 Hot Picks
The latest spike in new home sales reaffirms the optimism in housing, defying the affordability issue.
