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Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with the Stochastic Slow Indicator, a common...
Housing stocks have barely dropped this month, even as volatility swept the broader market. The iShares U.S. Home Construction ETF (ITB) closed yesterday just 2.6 percent below its 52-week high. The S&P 500 in contrast, is almost 8 percent below its peak. The...
Markets had their biggest rally since the start of the year today, led by an unexpected sector. Housing stocks ripped over 4 percent, more than triple the gain of the broader S&P 500. That landed the iShares US Home Construction ETF (ITB) at its highest level...