‘Lots of stagflation in the new home market’: Homebuilder ETFs are struggling

In this week’s ETF Wrap, we look at the steep drop of homebuilder ETFs this year, as new homes sales have fallen in the U.S. amid high prices and rising interest rates.
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Complete coverage of business news in the Twin Cities, Minnesota and elsewhere, including Fortune 500 Minnesota companies: UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp, General Mills, C.H. Robinson, Land O’Lakes, Ecolab, Ameriprise Financial, Xcel Energy, Hormel Foods, Thrivent Financial, Polaris, Securian Financial Group, Fastenal and Patterson Cos.