July 09, 2013 at 16:30 PM EDT
Slowing Foreclosure Rate Boosts Homebuilder ETFs
The rate of U.S. home foreclosures plunged sharply over the past year, adding to signs of an improving housing market and supporting homebuilder exchange traded funds. The SPDR S&P Homebuilders ETF (NYSEArca: XHB) gained 2.8% Tuesday and iShares U.S. Home Construction ETF (NYSEArca: ITB) rose...
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