Real estate-focused exchange traded funds (ETFs) are gaining this morning as the homebuilding sector reported a sharp uptick in remodeling demand. The Remodeling Market Index soared in the first quarter to 47. Any number above 50 indicates expansion, so we’re not quite there yet, but it’s a welcome improvement. Here are more stories on the subject that may interest you:
- Signs of a Turnaround in Real Estate
- New Home Sales Give ETFs a Boost
- Real Estate ETFs: Sink or Swim?
- Moment of Truth for Homebuilder ETFs
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.