A Homebuilder ETF for the Rebounding Housing Market
January 24th, 2013 at 3:03pm by Tom Lydon
I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.
This week, I took a look at the iShares U.S. Home Construction ETF (NYSEArca: ITB). Home sales and confidence in the housing market are steadily rising, but we have not returned to pre-2008 financial crisis highs yet. [Builders Rise on Housing Data]
Click here to listen.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.