Surging New Home Sales Bolster Homebuilder ETFs
June 23, 2020 at 15:10 PM EDT
Homebuilder stocks and home construction sector-related exchange traded funds rose Tuesday on hopes of a recovering economy after a sharp increase in new U.S. single-family homes over May and improving business activity. On Tuesday, the iShares U.S. Home Construction ETF (NYSEArca: ITB) increased...