Weak patches in the US home-builders market has evidently taken it’s toll on the share prices of the companies which operate in that sector. From it’s peak in January 2018, the S&P Homebuilder Select Industry Index has seen a decline of 32% with the underlying companies taking much more pain than is reflect at an index level.
Now, the price appears to be ready for a technical recovery and could spell an opportunity for investors and traders who prefer unloved and out of favour sectors.
One ETF that offers direct exposure to the sector is the SPDR Homebuilders ETF (XHB).
XHB Fund Description
XHB tracks a broad-based, equal-weighted index of US companies involved in the homebuilding industry.