Shaky Foundations for Homebuilder ETFs
This article was originally published on ETFTrends.com.
Exchange traded funds with exposure to residential home construction, including the SPDR S&P Homebuilders ETF (NYSEArca: XHB) and the iShares U.S. Home Construction ETF (NYSEArca: ITB), are struggling this year and some market observers believe those struggles will linger. ITB, which is heavily exposed to homebuilders, is down more than 15% year-to-date. The equal-weight XHB [...]