Watch list: iShares U.S. Home Construction

Thursday July 26, 2007 

Today’s news on home sales show sales of new homes continue to fall and the home builders are getting hammered. The iShares Home Construction ETF: ITB has fallen by 50% since coming out a little over a year ago.

For cyclical stock such as home-builders, yes home construction is cyclical, the share prices should start upward before the actual turn up in the home-building market.

So, ITB will be the first member of the Watch List of this blog. So I better write a watch list page, but you saw it here first.

Filed Under Fear, Watchlist

Comments

2 Responses to “Watch list: iShares U.S. Home Construction”

  1. T on July 27th, 2007 4:09 am

    Enjoy your blog. Keep it going!

  2. Tim on July 27th, 2007 3:30 pm

    Thanks, alway enjoy your site also.

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