“Recent data suggests that home prices are up more than 3% from a year ago and as much as 9% from lows reached this spring,” says Robert Johnson, director of economic analysis with Morningstar. “New housing starts and existing home sales have both had quite a run. In some cases, housing data has been improving for more than six months in a row, suggesting that just maybe we are building a virtuous cycle of momentum in this heretofore left-for-dead sector.”
iShares Dow Jones U.S. Home Construction Index Fund
Tisha Guerrero contributed to this article.
