Homebuilder ETF Still Thrives Despite Rising Rates

Three of the biggest homebuilder ETFs have been feeling the pangs of the current economic landscape of rising rates, such as iShares US Home Construction ETF (BATS: ITB)–down 12.53% year-to-date, SPDR S&P Homebuilders ETF (NYSEArca: XHB)–down 10.26% YTD and Invesco Dynamic Building & Const ETF (NYSEArca: PKB)–down 11.90 YTD%. Despite this, all is not lost according to Robert Dietz, a chief economist and senior vice president for Economics and Housing Policy at the National Association of Home Builders.

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Source: ETF Trends