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iShares U.S. Home Construction ETF (ITB)

BATS - BATS Delayed Price. Currency in USD
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45.86+1.69 (+3.83%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous Close44.17
Open43.88
Bid0.00 x 900
Ask0.00 x 800
Day's Range43.88 - 45.88
52 Week Range22.39 - 50.52
Volume3,450,547
Avg. Volume3,662,856
Net Assets1.48B
NAV45.23
PE Ratio (TTM)N/A
Yield0.53%
YTD Daily Total Return2.25%
Beta (5Y Monthly)1.65
Expense Ratio (net)0.42%
Inception Date2006-05-01
  • MarketWatch

    Lennar's stock falls to pace homebuilder decliners after earnings beat but outlook 'somewhat' disappoints

    Shares of Lennar Corp. fell 1.5% in afternoon trading, enough to pace the handful of decliners among its homebuilding peers, after the company reported second-quarter profit, revenue, deliveries and new orders that beat expectations, according to FactSet, but provided "somewhat" disappointing guidance. J.P. Morgan analyst Michael Rehaut reiterated the neutral rating he's had on the stock since March 18, and kept his price target at $64. He said he believes Lennar's guidance for third-quarter orders to decline 3% to 4% from a year ago, and fourth-quarter orders to fall 6% to 8%, "falls somewhat short of investor expectations for order growth to have recently turned modestly positive." Rehaut said, however, that despite the stock's reaction, he said the outlook is "relatively encouraging," as it comes after "challenging" comparisons of 9% growth in last year's third quarter and 26% growth in last year's fourth quarter. The stock was the biggest decliner, of the 6 of 44 equity components of the iShares U.S. Home Construction ETF that were declining. The ETF was up 1.8% in afternoon trading. Over the past three months, Lennar's stock has run up 70.4%, the home construction ETF has hiked up 65.1% and the S&P 500 has advanced 31.4%.

  • MarketWatch

    Housing-market ETFs jump on rosy homebuilder report

    Exchange-traded funds with exposure to homebuilders and housing market companies roared higher Tuesday after a surprise gain in sales of newly-constructed homes confirmed sturdy demand even in the face of the coronavirus-induced shutdown. The SPDR S&P Homebuilders ETF was 4% higher at midday, while the iShares U.S. Home Construction ETF jumped 3.6%. The portfolios of both funds are heavy with consumer discretionary stocks like Home Depot Inc. \- it's XHB's biggest holding - in addition to builders like Lennar Corp. . The Hoya Capital Housing ETF , a fund designed to more broadly reflect the residential real estate industry with exposure to REITs like American Homes 4 Rent and brokerages like Redfin Corp. , was 3.9% higher.

  • MarketWatch

    Homebuilder ETFs surge as economic outlook improves

    Exchange-traded funds that track the housing sector surged higher Wednesday as investors were heartened by news of a possible coronavirus treatment suggesting the residential real estate market might not be hit as badly as expected and in spite of a report on Wednesday that showed home-contract signings slumped in March. The iShares U.S. Home Construction fund was 5.2% higher late morning, while the SPDR S&P Homebuilders fund rose 4.9%. Both funds have as their biggest holdings shares of homebuilders like D.R. Horton, Inc. and Lennar Corporation , and housing-related consumer discretionary companies like Lowe's Companies, Inc. and Home Depot, Inc. , all of which were up sharply Wednesday. Both funds are still trailing the broader stock market in the year to date, however: ITB has lost 15% and XHB is down 18%, referring to the funds' ticker symbols, compared with the 9.2% loss for the S&P 500 .