- The iShares DJ U.S. Home Construction ETF (ITB +0.1%) gives back its early gain after a weaker-than-expected report from the National Association of Home Builders shows builder sentiment higher by a point to 47, but falling well short of expectations for 50.
- Toss the weather into continuing difficulties finding labor and lots, and higher material costs as reasons, says NAHB Chairman (and builder) Kevin Kelly.
- Index components: Current sales conditions up a point to 52. Buyer traffic up two points to 33. Expectations for the next six months down a point to 53. It's a diffusion index - anything above 50 means more view conditions as good than poor.
- The more home improvement and supply-related XHB +0.5%.