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ITB-N, the iShares DJ Home Construction ETF, has seen a significant increase in its value, with a 68% increase last year and a 23% increase this year. The surge is attributed to a massive housing shortage, and the company is likely to benefit directly from lower interest rates. Experts also note the pricing power of ITB. The performance of the stock under President Biden has also been highlighted, with a 115% increase. Overall, it is evident that the company is performing exceptionally well due to favorable market conditions and government policies.
He remains short this, because he doesn't see good news in home or commercial construction.
If interest rates decline next year there will be a flood of activity in housing. That's why we're seeing a rally in housing now.
This includes home builders, but also building material companies. Likes what is happening in the US housing market. This is a sector that is going to continue to improve, and he likes this ETF.
Likes the housing sector. It is improving in the US. One thing that holds him back from holding ETF’s in this space is the slowdown in oil, which is affecting places like Texas. That is a large part of some of these builders. He prefers something like Home Depot (HD-N).
An ETF that takes advantage of US housing starts and/or home renovations? One would be this or SPDR Homebuilders (XHB-N) as a pure play on homebuilders. Not a bad place to be and you could do very well in the next 2-3 years.
Home construction ETF’s? He likes this as an idea. This has some of the large homebuilders, Home Depot (HD-N), etc. A good area to invest in. You could look at this or SPDR Homebuilders (XHB-N).
iShares DJ Home Construction ETF is a American stock, trading under the symbol ITB-N on the BATS Global Markets (ITB). It is usually referred to as AMEX:ITB or ITB-N
In the last year, 1 stock analyst published opinions about ITB-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares DJ Home Construction ETF.
iShares DJ Home Construction ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares DJ Home Construction ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered iShares DJ Home Construction ETF In the last year. It is a trending stock that is worth watching.
On 2024-12-13, iShares DJ Home Construction ETF (ITB-N) stock closed at a price of $113.03.
Up 68% last year and 23% this year due to a massive housing shortage. Will benefit directly from lower interest rates. They have pricing power. ITB has been up 115% under Pres. Biden