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Housing, Lumber ETFs Shrug Off Best Data in More Than a Decade

  • State Street’s XHB falls despite surge in July new home sales
  • Consumer confidence slump may be offsetting housing gains

The housing market is booming, but related exchange-traded funds don’t seem to care.

Despite data showing that July new home sales in the U.S. surged to the highest level in almost 14 years, State Street’s SPDR S&P Homebuilders ETF (XHB) fell as much as 1.6% on Tuesday, the most in almost a month.