SPDR S&P Homebuilders ETF is up 55.3% year to date, while iShares DJ US Home Construction (NYSEArca: ITB) has vaulted 77.4%, according to Morningstar. The builder sector ETFs gained nearly 2% on Tuesday.
“Today’s data further supports our thesis that the housing market is recovering, albeit at a fairly slow pace and subject to bumps along the way,” Sterne Agee analysts said in a MarketWatch report.
SPDR S&P Homebuilders ETF
