Rising Rates, Low Affordability Continue to Deconstruct Homebuilder ETFs
December 05, 2018 at 14:56 PM EST
A deadly combination of rising rates and low affordability continues to pound the housing industry, including homebuilders and homebuilder-focused exchange-traded funds (ETFs) alike, such as the Direxion Daily Homebuilders & Supplies Bull 3X ETF (NYSEArca: NAIL). Luxury builder Toll Brothers...