Discouraging Signs for Homebuilders ETFs
This article was originally published on ETFTrends.com.
The iShares U.S. Home Construction ETF (NYSEArca: ITB), the largest homebuilder-related exchange traded fund, and the rival SPDR S&P Homebuilders ETF (NYSEArca: XHB) were among 2017’s most exciting trades. This year, that trend is reversing in a big way. ITB and XHB are lower by an average of 11.5% and some market observers believe homebuilders [...]