Homebuilder ETFs Still Well Below 2006 Peak Despite Tripling in Price
Posted on December 27, 2012 at 09:09 AM EST
Homebuilder ETFs have more than tripled since 2009 but they have yet to recoup even half of the losses they suffered during the housing bust. For example, iShares DJ US Home Construction (NYSEArca: ITB) has rallied 227% from its all-time low of $6.33 a share recorded on March 6, 2009. The builder...