Homebuilder ETFs Could Be Falling Apart as Construction Sentiment Plunges
This article was originally published on ETFTrends.com.
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. On Monday, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) slipped 0.5%, iShares U.S. Home Construction ETF (NYSEArca: ITB) decreased 0.1% and Invesco Dynamic Building & Construction ETF (NYSEArca: [...]