August 23, 2013 at 10:26 AM EDT
Homebuilder ETFs Down Sharply on New-Home Sales Miss
ETFs tracking homebuilders and related housing stocks were selling off Friday after a report on July new-home sales came in much lower than expected. The iShares US Home Construction (NYSEArca: ITB) and SPDR S&P Homebuilders (NYSEArca: XHB) were down 3% and 2%, respectively. The Commerce...
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