Looking for broad exposure to the Industrials - Engineering and Construction segment of the equity market? You should consider the SPDR S&P Homebuilders ETF (XHB), a passively managed exchange traded fund launched on 01/31/2006.
Investor's Business Daily just had a homebuilder article that repeated the widespread belief that a reduced Fed interest rate will pull down mortgage rates, thereby boosting new home sales. However, that purported link is wrong.
The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF NYSE: XHB is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its momentum or if a significant pullback is imminent.
Designed to provide broad exposure to the Industrials ETFs category of the market, the SPDR S&P Homebuilders ETF (XHB) is a smart beta exchange traded fund launched on 01/31/2006.
The SPDR® S&P Homebuilders ETF has increased by almost 50% since its lows of late October. This rally has occurred despite the continued challenges across the housing sector and slowing economic growth. In the article below, we discuss several reasons average home prices are likely to fall in the quarters ahead, negatively impacting home builders' margins and profits.
Looking for broad exposure to the Industrials - Engineering and Construction segment of the equity market? You should consider the SPDR S&P Homebuilders ETF (XHB), a passively managed exchange traded fund launched on 01/31/2006.