Investors seeking market exposure to the
The iShares U.S. Construction ETF (
The iShares U.S. Regional Banks ETF (
Before we look at the weekly charts for these ETFs, let's look at the most recent housing market data.
Here's the latest S&P Core Logic Case-Shiller Indices.
The key 20-city composite had a year-over-year, seasonally adjusted rise of 5.1% in August, and up 0.2% month over month. From the July 2006 peak to the March 2012 trough, prices were down 35.1%. From the trough to the current level home prices are up an unsustainable 43% and just 7.2% below the peak. Household income has not kept pace with the increase in home prices.
This chart above shows new home sales for September. New home sales came in at a seasonally-adjusted annual rate of 593,000 units. This is below originally stated 609,000 units in August, but this rate has been revised lower so that the...