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iShares U.S. Home Construction ETF
ITBFinancial ServicesCBOEUS
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The iShares U.S. Home Construction ETF (NYSEARCA:ITB | ITB Price Prediction) just rose 7% in a single week, yet the fund is still down about 4% year to date and sitting 7% below where it traded a month ago.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 622,000 in April. This represents a 6.2% decline from March's rate of 663,000 and an 11.3% drop from the previous year.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Monday.
U.S. equities opened the new trading week on a split footing on Monday as a sharp unwind in AI-infrastructure names dragged the Nasdaq 100 down by over 1%, while energy, communications and insurance shares cushioned the broader market.
Homebuilder sentiment rose 3 points in May from April. The average rate on the 30-year fixed mortgage is now 6.65%, according to Mortgage News Daily.
Surging oil prices and hotter inflation reports reignited rate-hike concerns, sending Treasury yields to one-year highs as the Iran conflict remained stalemated despite the highly anticipated Trump-Xi summit.
Alex Barron believes the bottom of the housing market is here. He says the "fear factor" from the Iran war has faded at this point as the summer home selling season ramps up.
The Federal Reserve has already trimmed its policy rate by 0.75 percentage points over the past year, leaving the upper bound at 3.75%.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 682,000 in March. This represents a 7.4% increase from February's rate of 635,000 and a 3.3% rise from the previous year.
U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.
Home builders ramped up construction in March as the weather warmed and housing starts hit a 15-month high, but an industry slump appears no closer to ending.
If you're interested in broad exposure to the Consumer Discretionary - Broad segment of the equity market, look no further than the iShares U.S. Home Construction ETF (ITB), a passively managed exchange traded fund launched on May 1, 2006.
Rising prices for fuel and materials such as aluminum push up costs just as they were stabilizing. ‘This war just trashed that.
Spring selling season brings hope for homebuilding ETFs like ITB, but higher mortgage rates and weak demand keep the outlook mixed in 2026.
A Seaport analyst has turned bearish on multiple home-builder stocks, saying the outlook for job growth could be worse for the housing market over the long term than the recent jump in oil prices.
New home sales unexpectedly sank to their lowest level since 2022 in January. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 587,000 in January.
CNBC's Diana Olick reports on the latest housing data.
Sales of newly built homes in January were 11.3% lower than January 2025, according to the U.S. Census Bureau. The median price of a home sold in January was $400,500, a decline of 6.8% year-over-year.
CNBC's Diana Olick breaks down the latest housing data.
