US Home Builder Stocks Rally To 10-Month High

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US Home Builder Stocks Rally To 10-Month High

By Mark Perry on August 23, 2009 | More Posts By Mark Perry | Author's Website

The iShares Dow Jones US Home Construction ETF (ITB) 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 Friday 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%).

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