iShares U.S. Home Construction ETF (ITB)
New Home Sales Inch Down 0.6% in July
New home sales inched down in July but still came in higher than expected. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 652,000 last month.
ITB: A Guide To Understanding This Homebuilders ETF
ITB offers exposure to U.S. homebuilders, mostly mid-caps, with a value tilt but significant volatility, and is probably best suited for long-term, risk-tolerant investors. The ETF trades at a steep discount to the S&P 500 on both P/E and P/B metrics but exhibits high beta and tracking error versus its benchmark. ITB's top-heavy portfolio, unappealing long-term revenue outlook, and sensitivity to interest rates and tariffs present notable risks.
Should You Invest in the iShares U.S. Home Construction ETF (ITB)?
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.
U.S. New Home Sales Miss Expectations: ETFs in Focus
New U.S. home sales inched up 0.6% in June, missing forecasts as high mortgage rates and rising inventories weigh on demand. Keep a close tab on ITB and XHB.
New Home Sales Inch Up 0.6% in June
New home sales inched up in June but still came in lower than expected. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 627,000 last month.
Homebuilder ETF on track to hit 5-month high despite bleak outlook for housing. Here's why.
Homebuilder stocks rallied on Tuesday afternoon as earnings season kicked into high gear.
Opportunities Following The End Of The Worst Seasonal Trade For Home Builders
Home builders suffered historic underperformance versus the S&P 500, but recent technical breakouts signal a potential bearish-to-bullish reversal for ITB. Falling mortgage rates and improving technicals support a tactical rebound in homebuilder stocks, with ITB and select names like TMHC and LEN showing upside potential. TMHC's breakout above its 200DMA, LEN's basing pattern, and CCS's reversal offer attractive entry points, though LEN is treated as a shorter-term trade due to weaker fundamentals.
New Home Sales Retreat to 7-Month Low
New home sales retreated in May, experiencing their largest monthly decline in nearly three years. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 623,000 last month, their lowest level in seven months.
Sector ETFs Set to Gain as Inflation Cools in May
Cooling May inflation boosts prospects for ETFs tied to consumer spending, tech growth, homebuilding and real estate.
Should You Invest in the iShares U.S. Home Construction ETF (ITB)?
Launched on 05/01/2006, 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.
New Home Sales Jump to 3-Year High in April
New home sales jumped to their highest level in over three years in April, beating expectations. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 743,000 last month, higher than the 694,000 forecast.
New Home Sales Reach 6-Month High in March
New home sales reached a six-month high in March, beating expectations. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 724,000 last month, higher than the 684,000 forecast.
