A Contrarian Bet on Homebuilder ETFs
This article was originally published on ETFTrends.com.
Homebuilder stocks and sector-related ETFs are on a losing streak, touching their lowest level in over a year. However, the sell-off in home construction stocks may also be a buying Year-to-date, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) dropped 13.4%, iShares U.S. Home Construction ETF (NYSEArca: ITB) fell 19.2% and PowerShares Dynamic Building & Construction [...]