Homebuilder ETF And Economy In A Slump | ETF Trends

Investors who own the SPDR Homebuilders (XHB) exchange traded fund (ETF) may be disappointed in the housing slump. In the third quarter the economy expanded a mere 2%, bogged down by the worst decline in construction since 1991. According to Seeking Alpha the GDP figure fell short of expectations.  Recent reports show sales of new homes rose higher-than-expected in November, but were down 15.3% from a year ago.

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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.