ITB Stock Recent News
ITB LATEST HEADLINES
The December release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 698,000 units, beating the 669,000 forecast. New home sales are up 3.6% from a revised rate of 674,000 in November and are up 6.7% from one year ago.
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.
I have a buy rating on the iShares U.S. Home Construction ETF due to its attractive valuation and potential technical support near $100. ITB offers exposure to U.S. home construction stocks, featuring a low 11.8x P/E ratio and a PEG ratio of 1.5x. Despite recent volatility and concentration risks, ITB's strong liquidity and seasonal trends from January to July are favorable.
We have highlighted some investing strategies that could be extremely beneficial for investors heading into the fourth quarter.
Ivy Zelman, Zelman & Associates, joins 'Closing Bell Overtime' to talk her top homebuilder plays in the current market.
We have highlighted five top-performing ETFs from different sectors of the market that have led the way higher in the third quarter.
Sector ETFs, which are the major beneficiaries of a rate cut, rallied to new 52-week highs.
Homebuilder ETFs are expected to gain in the near term as mortgage rates are falling.
VNQ, ITB, XLY, IWM and GLD are included in this Analyst Blog.