ITB Stock Recent News

Home prices in the 20 biggest metros in the U.S. continues to slow sharply, as the housing market weakens under the weight of high mortgage rates and unaffordability.

John Lovallo, UBS U.S. homebuilders analyst, joins 'The Exchange' to discuss the housing market as new home sales beat expectations in July.

New home sales inched down in July but still came in higher than expected. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 652,000 last month.

CNBC's Diana Olick joins 'Squawk on the Street' with the latest housing data to cross the tape.

Home builders' confidence in the housing market fell in August, the National Association of Home Builders said.

During a season when investor activity is typically in its summer doldrums, these two industry exchange-traded funds (ETFs) were hotter than July — the iShares U.S. Home Construction ETF (ITB) and the SPDR S&P Global Natural Resources ETF (GNR). Since the beginning of May, both funds have been rising to the upside.

ITB offers exposure to U.S. homebuilders, mostly mid-caps, with a value tilt but significant volatility, and is probably best suited for long-term, risk-tolerant investors. The ETF trades at a steep discount to the S&P 500 on both P/E and P/B metrics but exhibits high beta and tracking error versus its benchmark. ITB's top-heavy portfolio, unappealing long-term revenue outlook, and sensitivity to interest rates and tariffs present notable risks.

Designed to provide broad exposure to the Consumer Discretionary - Broad segment of the equity market, the iShares U.S. Home Construction ETF (ITB) is a passively managed exchange traded fund launched on May 1, 2006.

John Lovallo, homebuilding analyst at UBS Research, joins ‘The Exchange' to discuss how Trump's latest tariffs impact the housing market, the state of the homebuilder sector, and more.

The number of homes going under contract in the U.S. unexpectedly declined in June, as high prices and mortgage rates persist.