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How Positive Housing Numbers Are Helping 2 ETFs Break Out

Benzinga.com
0 Comments| November 18, 2014

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The U.S. homebuilders’ confidence handed the economy positive news this week as sales expectations and buyer traffic improved.

The National Association of Homebuilders (NAHB) Index rose to 58 from 54 in October, beating expectations that called for a slight rise to 55. The current sales conditions' portion of the number increased five points to 62, futures sales gained two points to 66 and an index gauging prospective buyer traffic added four points to 45.

Highlighted below are two homebuilders ETFs that may be affected by the positive new out of the industry.

iShares Dow Jones US Home Const.

The iShares Dow Jones US Home Const. (ETF) (NYSE: ITB) follows 38 U.S. companies that are in some way involved with the construction of residential homes. The top weighted sectors in the ETF are home construction stocks at 65 percent and building materials and fixtures make up 20 percent.

/www.benzinga.com/etfs/sector-etfs/14/11/5019779/how-positive-housing-numbers-are-helping-2-etfs-break-out alt=How Positive Housing Numbers Are Helping 2 ETFs Break Out>Full story available on Benzinga.com

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