ITB Stock Recent News

Looking for broad exposure to the Industrials - Engineering and Construction segment of the equity market? You should consider the iShares U.S. Home Construction ETF (ITB), a passively managed exchange traded fund launched on 05/01/2006.

The April release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 634,000 units, lower than the 677,000 forecast. New home sales are down 4.7% month-over-month from a revised rate of 665,000 in March and are down 7.7% from one year ago.

Economic indicators provide insight into the overall health and performance of an economy. They are essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.

With rising market expectations of a rate cut in September by the Fed, the likelihood that the mortgage rates may fall by the end of 2024 rises. Look into ETFs to capitalize on the fall in the national average for a 30-year fixed mortgage rate.

The March release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 693,000 units, its fastest pace in six months and higher than the 668,000 forecast. New home sales were up 8.8% month-over-month from a revised rate of 637,000 in February and are up 8.

As we enter the first trading day of April, let's see if there are any investments that won't let you down and make you feel foolish this month.

The February release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 662,000 units, falling short of the 675,000 forecast. New home sales were down 0.3% month-over-month from a revised rate of 664,000 in January and are up 5.9% from one year ago.

Economic indicators are released every week to provide insight into the overall health and performance of an economy. They serve as essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.

U.S. home-building sector is showing signs of improvement as the Fed sticks to three rate-cut projections this year and existing home sales in February in jumped despite high prices and rates.

In its latest meeting, Fed Chair Jerome Powell signaled three rate cuts this year, citing expanding economic activity and easing but elevated inflation. Some ETFs are expected to soar if the Fed cuts the rate.