The Fed's likely rate hike could create opportunities and risks across ETFs, with value, technology and energy in focus while homebuilders, leisure and small-caps face pressure.
The iShares U.S. Home Construction ETF (ITB) was launched on May 1, 2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Discretionary - Broad segment of the equity market.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 628,000 in June. This represents a 1.6% increase from May's upwardly revised rate of 618,000 but a 5.6% drop from the previous year.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 580,000 in May. This represents a 7.3% decline from April's rate of 626,000 and an 6.8% drop from the previous year.
Designed to provide broad exposure to the Consumer Discretionary - Broad segment of the equity market, the iShares U.S. Home Construction ETF (ITB) is a passively managed exchange traded fund launched on May 1, 2006.
The iShares U.S. Home Construction ETF (NYSEARCA:ITB | ITB Price Prediction) just rose 7% in a single week, yet the fund is still down about 4% year to date and sitting 7% below where it traded a month ago.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 622,000 in April. This represents a 6.2% decline from March's rate of 663,000 and an 11.3% drop from the previous year.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 682,000 in March. This represents a 7.4% increase from February's rate of 635,000 and a 3.3% rise from the previous year.
Home builders ramped up construction in March as the weather warmed and housing starts hit a 15-month high, but an industry slump appears no closer to ending.
If you're interested in broad exposure to the Consumer Discretionary - Broad segment of the equity market, look no further than the iShares U.S. Home Construction ETF (ITB), a passively managed exchange traded fund launched on May 1, 2006.
Spring selling season brings hope for homebuilding ETFs like ITB, but higher mortgage rates and weak demand keep the outlook mixed in 2026.
New home sales unexpectedly sank to their lowest level since 2022 in January. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 587,000 in January.