|Day Low/High||29.13 / 30.02|
|52 Wk Low/High||9.82 / 40.51|
Housing has begun embarking on a recovery, and this low-key name looks like a solid way to play it.
Looking to invest in a Homebuilders ETF? I'd recommend trading the iShares Dow Jones U.S. Home Construction ETF (ITB).
Income requirement increases could shock the industry if utility costs are required in mortgage qualifications.
Today's bump in pending home sales is an anomaly, even if it causes some stocks to move.
Homebuilders' prospects remain dim, but homeowners will be spending on repairs and remodeling.
If it passes, it could become the catalyst for the largest private-sector urban and suburban revitalization since World War II.
While stocks are highly correlated with the S&P, I'll trade retailers against homebuilders.
Stocks continued to struggle Friday morning, with Wall Street futures pointing sharply lower after an earlier bounce.