Homebuilder ETFs Hit a Road Block as New Home Sales Fall
August 23, 2017 at 15:35 PM EDT
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,...