Stocks for Home Builders Rally to 10-Month High
The iShares Dow Jones US Home Construction ETF seeks investment results that tracks Dow Jones U.S. Select Home Construction index. Among the main holdings are Centex, KB Home, Pulte, Toll Brothers and other home builders. The Home Construction ETF went over 13 yesterday for the first time since October 14, 2008 and reached a fresh 10-month high. Home construction stocks are showing positive signs of recovery, with returns since the first of the year (more than 30%) more than three times the overall market return (less than 10%).