“While builders are still very cautious at this time, there is a sense that many local housing markets have started to move in the right direction and that prospects for future sales are improving,” said Barry Rutenberg, chairman of the NAHB.
Homebuilder ETFs could see action later this week on more housing data. Investors will get February’s existing home sales report on Wednesday, followed by new home sales on Friday.
iShares Dow Jones US Home Construction
