Still, builder ETFs have been stellar performers in 2012 with XHB posting a year-to-date gain of about 26% as of May 29.
“The housing market has been one of the U.S. economy’s weakest links as it recovers from the 2007-09 recession, but many economists think the sector will actually add to economic growth in 2012 for the first time since 2005,” Reuters reported. “The report on pending contracts in April could temper some of that optimism.”
SPDR S&P Homebuilders
