ITB Stock Recent News

New home sales retreated in May, experiencing their largest monthly decline in nearly three years. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 623,000 last month, their lowest level in seven months.

KB Home (KBH) slashed its full-year revenue outlook after a weak second quarter, highlighting just how sluggish the housing market has become, with existing home sales seeing their worst May since 2009. Meredith Whitney, CEO of Meredith Whitney Advisory Group, joins Morning Brief to discuss why she expects the housing market to keep weakening through the rest of the year.

Builder KB Home cut its outlook for sales, profitability and home prices, as affordability and worries about the economy are keeping demand weak.

Last week's economic data painted a picture of broad cooling across several sectors, with consumers pulling back significantly on spending. Retail sales saw their largest decline in over two years in May, as consumers scaled back purchases following earlier front-loading.

Builder confidence just hit an 18-month low, raising red flags for ITB, XHB, PKB and HOMZ amid housing market strain.

Homebuilder sentiment hits its lowest level since 2022, according to survey data from the National Association of Home Builders (NAHB). Walton Global executive vice president of capital markets, Katie Hubbard, joins Wealth with Allie Canal to take a closer look at the decline in homebuilder sentiment and what could catalyze a rebound.

Cooling May inflation boosts prospects for ETFs tied to consumer spending, tech growth, homebuilding and real estate.

The iShares U.S. Home Construction ETF primarily invests in homebuilders, building product companies, and home improvement retailers. The ETF is yet to fully recover from the April 2025 correction, trailing the S&P 500. This has resulted in ITB trading at only 10.9x its trailing earnings, well below cyclical sectors such as U.S. financials.

Launched on 05/01/2006, the iShares U.S. Home Construction ETF (ITB) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.

New home sales jumped to their highest level in over three years in April, beating expectations. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 743,000 last month, higher than the 694,000 forecast.