The homebuilder ETFs could see more action Tuesday with the release of data on March housing starts.
“Although the pace of the housing market recovery is gaining momentum, it is important to keep in mind that we are still in the early stages of the recovery, and there’s a long way to go before the industry reaches normalized activity levels,” said KB Home (NYSE: KBH) CEO Jeffrey Mezger during a recent earnings call, Bloomberg News reports.
iShares Dow Jones US Home Construction Index ETF
