The Home Construction ETF (ITB -2%) is underperforming the Homebuilders ETF (XHB -1.5%) amidst...
The Home Construction ETF (ITB -2%) is underperforming the Homebuilders ETF (XHB -1.5%) amidst weak housing start data. CNCB's John Melloy notes ITB weighs homebuilders higher while XHB owns a bigger proportion of retailers. XHB +19%, ITB +12% Y/Y.
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