Increased U.S. Construction Spending Fortifies Homebuilder ETFs
November 01, 2019 at 18:06 PM EDT
Homebuilder stocks and sector ETFs are building up as U.S. construction spending rose more than expected and investment in home construction hit its highest level in nine months. On Friday, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) was up 1.0%, iShares U.S. Home Construction ETF (NYSEArca:...