Shaky Foundations For Homebuilder ETFs

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.

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