Pending Home Sales Lift Homebuilder ETFs
February 27, 2013 at 14:20 PM EST
Despite the traditionally slow winter months for the housing market, higher pending home sales, on top of the previous day’s new home sales data, are fueling a strong two-day run in homebuilder exchange traded funds. The iShares DJ US Home Construction (NYSEArca: ITB) added 0.5% and SPDR...