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.
Launched on May 1, 2006, the iShares U.S. Home Construction ETF (ITB) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.
CNBC's Rick Santelli and Diana Olick join ‘Squawk on the Street' with the latest home sale data to cross the tape.
New home sales were practically unchanged in October following September's increase. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 737,000 in October.
The iShares U.S. Home Construction ETF began the 2025/2026 seasonal trade in a bear market, offering steep discounts versus the S&P 500. Recent policy pushes for housing affordability, a $200B Fannie/Freddie bond-buying directive, triggered ITB's sharp outperformance over the S&P 500 since late October. Despite analyst downgrades and volatile headlines, ITB's seasonal trade thesis remains intact, supported by stabilizing housing data and potential policy catalysts.
The housing construction sector is heating up. The iShares U.S. Home Construction ETF (NYSEARCA:ITB) has surged 11.1% year to date in just nine trading days, signaling robust demand for new residential and commercial projects.