|Bid||49.14 x 1300|
|Ask||49.45 x 1300|
|Day's range||48.60 - 49.62|
|52-week range||31.79 - 49.62|
|PE ratio (TTM)||N/A|
|YTD daily total return||9.03%|
|Beta (5Y monthly)||1.08|
|Expense ratio (net)||0.42%|
The U.S. homebuilding industry continued its strong momentum heading into the New Year given that groundbreakings on new U.S. homes surged to a 13-year high in December.
As there have been winners in many corners of the space, we highlight nine ETFs from different zones that have outperformed so far this year. These are expected to continue outperforming, provided the fundamentals remain intact.
Braving all hurdles including recession fears, trade dispute, Brexit and geopolitical tensions, Wall Street has enjoyed a huge rally this year with all the three major indices hitting record highs lately.
Despite the age-old trend of a Santa rally, 2018 was a massive downer. Since 2019 is giving the same cues, investors can seek refuge in these safer ETFs.
Despite occasional trade tensions, U.S. equity gauges have added solid gains this year. But these sector ETFs handily beat the soaring broader market.
The U.S. housing sector saw a pause recently as land and labor shortages continued. This appears to be an entry point for investors as the trend is likely to reverse on upbeat data that may renew confidence in the space.
Prominent housing stocks put up an impressive show in the recently-reported quarter. The industry players, with solid Zacks Ranks, hold potential despite subdued home sales.