Robust U.S. Pending Home Sales Bolster Homebuilder ETFs
July 29, 2020 at 14:41 PM EDT
Homebuilder sector-related exchange traded funds were among the standout areas of the market Wednesday after an index of U.S. pending home sales surpassed expectations, reflecting steady housing demand despite a weakened economy. On Wednesday, the iShares U.S. Home Construction ETF (NYSEArca: ITB)...