Homebuilder ETFs Could Have First-Time Buyer Problems

Homebuilder exchange traded funds may enjoy a more long-term growth spurt as loan data reveal first-time homeowners have not been jumping into the market yet. Over the past year, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) rose 13.2% and the iShares U.S. Home Construction ETF (NYSEArca: ITB)...