Homebuilder ETFs Hit a Road Block as New Home Sales Fall

Homebuilder exchange traded funds have slowed down and an unexpected drop in single-family home sales further dragged on the home construction market. The SPDR S&P Homebuilders ETF (NYSEArca: XHB) was down 0.9% and iShares U.S. Home Construction ETF (NYSEArca: ITB) was 1.1% lower Wednesday,...
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