An exchange traded fund (ETF) that carves out home-builder stocks is pressing on a trend line despite fears of a double dip in house prices.
SPDR S&P Homebuilders ETF (NYSEArca: XHB) is facing a multiyear resistance line, technical analysts note.
Another builder ETF, iShares Dow Jones U.S. Home Construction Index Fund (NYSEArca: ITB), has been trading in a range in 2011 as investors await data on the key spring sales season. [Housing Data Could Move Builder ETFs.]
SPDR S&P Homebuilders ETF remains above its 50-day moving average.
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