Amid Destruction in Home Construction, 3 Stocks Stay Hot
2025-11-11 05:10:00 ET
Over the past 12 months, high mortgage rates , record home prices, and strained consumer confidence have combined to take a pretty good bite out of the housing sector. The iShares U.S. Home Construction ETF (NYSEMKT: ITB) has fallen about 17% over the past year, at a time when the S&P 500 has rallied to an all-time high and gained more than 15%.
Even though the Federal Reserve has cut its benchmark interest rate twice since September, and the 30-year mortgage rate is approaching a three-year low of 6%, the U.S. Home Construction ETF continues to struggle. It slid about 16% in the past two months while the S&P 500 gained about 5%.
NASDAQ: CVCO
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