Trouble Lurks for Homebuilders ETFs
This article was originally published on ETFTrends.com.
Homebuilders stocks and the related exchange traded funds recently rallied, albeit modestly, off 2018 lows, but some market observers believe the group remains vulnerable to additional downside. The SPDR S&P Homebuilders ETF (NYSEArca: XHB), iShares U.S. Home Construction ETF (NYSEArca: ITB) and Invesco Dynamic Building & Construction ETF (NYSEArca: PKB) are still sporting significant year-to-date [...]