Drop In Housing Starts Axes Homebuilder ETFs
The stock market http://www.investors.com/stock-market-todaytook an ax to homebuilder ETFs Wednesday after housing starts dropped more than expected in January and Toll Bros. (TOL) -- the biggest U.S. luxury homebuilder -- missed Wall Street's first-quarter estimates. IShares Dow Jones U.S. Home Construction (ITB) fell 6%, the most in nine months. SPDR S&P Homebuilders (XHB) skidded 4%. Housing starts dropped 8.5% to an annualized rate of 890,000 in
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