Home-builder ETFs rise after housing starts data
Exchange-traded funds that track the home-building sector rose on Tuesday, as data on housing starts rebounded in March. The SPDR S&P Homebuilders ETF rose 0.6% while the iShares U.S. Home Construction ETF was up 0.7%. Housing starts ran at a seasonally adjusted annual pace of 1.32 million in March, up 2% compared with February, and above analyst forecasts. Permits were at a seasonally adjusted annual 1.35 million rate. Among specific stocks, Toll Brothers Inc. rose 1.6% while Beazer Homes USA Inc. Читать дальше...