ITB Stock Recent News

The June release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 617,000 units, the lowest level in seven months. The latest reading came in lower than the 639,000 forecast.

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

Wall Street was mixed last week with the S&P 500, the Dow Jones and the Nasdaq losing 1.9%, adding 0.7% and retreating 3.7% last week. The small-cap index Russell 2000 advanced 1.7% last week as “Trump Trade” gained momentum.

With increasing expectations of an interest rate cut in September, the future for mortgage rates and the housing market turn optimistic. Look into ETFs to capitalize.

Hello! Homebuilders have been on a tear, with this week's ETF Wrap examining their July surge.

Just because the market has risen a lot in the last year or two doesn't mean it's too late for you to invest. The market could keep growing for another year or several years.

US homebuilder confidence has dipped to its lowest point since December 2023, with the single-family homes index registering a reading of 42 for July. The National Association of Home Builders (NAHB) CEO Jim Tobin joins Wealth!

Wall Street was moderately upbeat last week with the S&P 500, the Dow Jones and the Nasdaq gaining 0.87%, 1.6% and 0.3%, respectively. However, the small-cap index – the Russell 2000 – has advanced 6% as consumer inflation print came in at cooler-than-expected.

June inflation data has deepened the market's confidence that the Fed would begin cutting interest rates in September, leading to a sector rotation from the hot technology sector to the laggards that could benefit from falling rates like industrials and small caps.

The U.S. Consumer Price Index dipped 0.1% sequentially in June and increased just 3% year over year. This has boosted rate-sensitive sectors like homebuilding.