Throughout November, positive housing market data pointed toward a recovery for the sector, which fueled a rally in homebuilder ETFs, according to an article on the Wall Street Sector Selector.
The recovery may last a while longer. The NAHB’s Homebuilders Confidence Index rose to its highest level since March 2007, and the September report on construction spending stated a 0.6 percent increase, the article said.
If you’re looking to gain exposure to the housing market recovery, consider starting with these homebuilder ETFs:
- iShares Dow Jones US Real Estate Index Fund (NYSEArca: IYR)
- iShares Dow Jones US Home Construction Index Fund (NYSEArca: ITB)
- SPDR S&P Homebuilders ETF (NYSEArca: XHB)
Head over to WallStreetSectorSelector.com for more details.