Homebuilding stocks could be losing steam. Though the group outperformed last year, with the SPDR S&P Homebuilders ETF (XHB) and the iShares U.S. Home Construction ETF (ITB) both beating the S&P 500 by about 10 percentage points, pure-play homebuilding stocks are faltering, JC O’Hara, chief market technician at MKM Partners.
Read Moretrader says Homebuilding stocks ‘are not as strong as they once were’