U.S. Home Construction Stocks Rebound

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U.S. Home Construction Stocks Rebound

By Mark Perry on August 3, 2009 | More Posts By Mark Perry | Author's Website

The chart above (click to enlarge) shows returns over the last six months for the iShares Dow Jones US Home Construction Index (ITB) vs. the Dow Jones Industrial Average (source). Compared to the overall market return (DJIA) of about 15% over the last six months, the Dow Jones US Home Construction ETF (holdings include Pulte Homes (PHM), Toll Brothers (TOL), KB Home (KBH) and other home builder companies) is up by 40%.

Home construction stocks are showing positive signs of recovery, with returns over the last six months more than twice the overall market return.

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