Meanwhile, a measure of the six-month sales outlook increased to 64 in July, it highest level since September, from 58 in June. The index of current single-family home sales rose to 57, the best reading since January, from 53.
On Thursday, July 17, market observers will be watching for the new housing starts data. Analysts anticipate builders broke ground on 1.02 million homes at an annualized rat in June, slightly more than the 1 million homes in May. Data for existing and new-home sales will come Tuesday, July 22 and Thursday, July 24, respectively.
iShares U.S. Home Construction ETF
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