New-home sales, reported Monday, indicated a 1.3% rise for the month to a seasonally adjusted rate of 307,000, according to the Commerce Department. New-home sales are a mere fraction of the U.S. economy, but indicate more about the economic activity, AP reports. [ETF Chart of the Day: Homebuilders]
Confidence among U.S. homebuilders was up for the month of November, to its highest level since May 2010.
Homebuilder ETFs could see action Friday when markets get the nonfarm payrolls report for November.
SPDR S&P Homebuilders ETF
Tisha Guerrero contributed to this article.