Rehaut cited J.P. Morgan’s lower growth projection of 150,000 jobs per month on average for 2019, compared to the 207,000 monthly job growth average so far this year, as a potential contributing factor to lower demand.
Year-to-date, investors have pulled almost $350 million from XHB and $1.18 billion from ITB, respectively.
Leveraged plays on homebuilder stocks include the bullish Direxion Daily Homebuilders and Supplies Bull and Bear 3X Shares (NYSEArca: NAIL), which attempts to deliver triple the daily returns of the Dow Jones U.S. Select Home Construction Index.
For more real estate trends, visit ETFTrends.com