State Street SPDR S&P Homebuilders ETF

XHB

Market cap $1.51B

According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 622,000 in April. This represents a 6.2% decline from March's rate of 663,000 and an 11.3% drop from the previous year.

The typical U.S. home has more than 400 pounds of copper—and that's a problem when prices soar.

West Palm Beach, Chicago, and Austin are bucking the lousy housing market with stronger sales.

'The Big Money Show' co-hosts analyze a new housing bill passed by Congress, focusing on its impact on homebuilders and market supply.

Mortgage rates hit 6.75%, hurting US homebuilders, while one construction ETF gains from booming AI and infrastructure demand.

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Monday.

Confidence among U.S. home builders improved in May but still remains in negative territory amid rising mortgage rates, elevated costs and economic uncertainty tied to the war in Iran.

Homebuilder sentiment rose 3 points in May from April. The average rate on the 30-year fixed mortgage is now 6.65%, according to Mortgage News Daily.

Surging oil prices and hotter inflation reports reignited rate-hike concerns, sending Treasury yields to one-year highs as the Iran conflict remained stalemated despite the highly anticipated Trump-Xi summit.

There is an increasing bifurcation in performance between big tech stocks and Main Street ones. The MoneyShow Chart of the Day shows the 1-year performance for a range of ETFs, including the iShares Semiconductor ETF at one end of the spectrum and the State Street SPDR S&P Homebuilders ETF at the other.