ITB Stock Recent News

Economic indicators provide insight into the overall health and performance of an economy. They are closely watched and serve as essential tools for policymakers, advisors, investors, and businesses.

The increasing probability of the Fed adopting a dovish stance in 2024 has fueled the recent drop in mortgage rates. Capitalize on the estimated optimism in the housing market in the next year by tapping into these funds.

U.S. existing home sales plunged to their lowest level in over 13 years in October 2023, mainly due to climbing mortgage rates and a scarcity of available houses.

Mortgage rates are near their highest levels in more than two decades and it once again further weighed on home builder confidence.

Confidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.

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 Industrials - Engineering and Construction segment of the equity market.

Exchange-traded funds that invest in stocks linked to home builders soared this week, blowing past the strong performance of the Dow Jones Industrial Average and S&P 500 index.

Hello! This week's ETF Wrap digs into where investors put their money in October, and how November is shaping up in markets after the Federal Reserve's decision on interest rates.

The September release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 759,000 units, the fastest pace since February 2022. The latest reading came in higher than the forecasted 680,000 rate.

The rally in the U.S. housing market has fizzled due to higher mortgage rates, which are taking a toll on builder confidence and consumer demand. This is especially true as mortgage rates topped the highest level since 2000 last week, dampening housing market activity (read: High Mortgage Rates Pull Down Homebuilder ETFs).