Homebuilder ETFs Under Pressure as Rising Mortgage Rates Crimp Home Sales

ETF Trends

Homebuilder sector-related exchange traded funds could continue to be pressured as rising interest rates and elevated mortgage rates are already affecting U.S. home sales. Year-to-date, the iShares U.S. Home Construction ETF (NYSEArca: ITB) decreased 19.3, SPDR S&P Homebuilders ETF (NYSEArca: XHB) declined 17.3%, Invesco Dynamic Building & Construction ETF (NYSEArca: PKB) fell 14.4% and Hoya […]

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