Homebuilder ETFs Slip on Weak Housing Starts
May 17, 2011 at 08:55 AM EDT
Exchange traded funds that invest in homebuilder stocks fell Tuesday after a report estimated U.S. housing starts declined nearly 11% in April. SPDR S&P Homebuilders ETF (NYSEArca: XHB) was down almost 1% in premarket trading after the weaker-than-expected housing report. Builder ETFs fell...