Barron’s cover story talked about a bottom in housing stocks. Weak home sales, growing inventories, dwindling orders and falling prices have all contributed to a weakening housing market. Hardest struck have been the home builders, who are off as much as 65% from last summer’s highs
Last week, I analyzed whether Toll Brothers (TOL) had bottomed out as it rose on disappointing outlook and numbers.
If you believe housing related stocks have bottomed out or are close to doing so, then take a look at exchange traded funds. You can position yourself using the PowerShares Dynamic Building & Construction Portfolio ETF(PKB).
For more information on PKB, click here
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Yaser Anwar is a guest author at ETFtrends & the editor of Investment Ideas by Yaser Anwar blog. The author of this article is not a registered financial advisor & does not give investment advice. This article does not comprise any solicitation to buy or sell securities, ETFs or other investment vehicles.