Building Prosperity:Homebuilder ETFs Shine with Impressive Year-to-Date Returns
@ETF Tracker:
After the Federal Reserve announced dovish policies last week, homebuilders' exchange-traded funds (ETFs) saw a strong rally, breaking historical records.The two largest homebuilder ETFs, SPDR S & P Homebuilders ETF (XHB) and iShares US Home Construction ETF (ITB), rose more than 8% and 9% respectively from Wednesday to Friday last week. As of now, these two ETFs have risen by 58% and 67% respectively this year, and their trading prices have also reached historic highs. This strong growth indicates investors' confidence in these companies and the entire residential construction industry.Market Drivers: The main driving factor is the shortage of inventory in the resale market, which stimulates the growth of demand for new homes. The recent reduction in mortgage rates and the signal of t