Should You Invest in the iShares U.S. Home Construction ETF (ITB)?
The iShares U.S. Home Construction ETF (ITB) was launched on 05/01/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Discretionary - Broad segment of the equity market.
Homebuilder ETF (ITB) Hits New 52-Week High
For investors seeking momentum, iShares U.S. Home Construction ETF ITB is probably on the radar. The fund just hit a 52-week high and is up 77.45% from its 52-week low price of $71.22/share.
Time for Homebuilder ETFs as Mortgage Rates Fall?
Homebuilder ETFs are expected to gain in the near term as mortgage rates are falling.
Exploring Economic Indicators: July 2024 Housing and the LEI
Economic indicators are released every week to provide insight into a country's overall economic health. They serve as essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.
New Home Sales Surge to 14-Month High
The July release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 739,000 units, the highest level in fourteen months. The latest reading came in higher than the 624,000 forecast.
ITB: Home Demand Won't Go Away
Homebuilding stocks have been surging post-Covid due to high demand and low inventory, creating a long-term tailwind for homebuilders. iShares U.S. Home Construction ETF mirrors the Dow Jones U.S. Select Home Construction Index, focusing on homebuilding sector companies. The ITB ETF provides focused access to a growing sector but comes with risks tied to the economy, interest rates, and industry-specific challenges.
Time for Homebuilding ETFs?
The homebuilding sector has rebounded a lot this year. More improvement is likely if the Fed starts cutting rates from September.
Will Homebuilding ETFs Have Their Moment Now?
The homebuilding sector is currently not in good shape due to higher rates and land and labor shortages. However, things should improve in the coming days if the Fed cut rates.
Best ETF Areas of July
July witnessed the “Great Rotation” in the U.S. stock market on an apparent “AI fatigue”, growing expectations of the Fed cutting rates in September and a resurgence in Trump trade. Investors shunned the hot technology stocks in favor of smaller companies and other sectors, which are the bigger beneficiaries of the Fed rate cuts.
Homebuilding ETF (ITB) Hit a New 52-Week High
For investors seeking momentum, iShares U.S. Home Construction ETF ITB is probably on the radar. The fund just hit a 52-week high and is up 69.20% from its 52-week low price of $71.22/share.
New Home Sales Unexpectedly Fall to 7-Month Low
The June release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 617,000 units, the lowest level in seven months. The latest reading came in lower than the 639,000 forecast.
