Homebuilder ETFs Surge as New-Home Sales Hit 9-Year High

Homebuilder stocks and sector-related exchange traded funds climbed Tuesday after new U.S. home sales unexpectedly rose to their highest level since 2007 on rising demand and shrinking inventories. On Tuesday, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) rose 2.0% and iShares U.S. Home...