MarketWatch

Home builders' stocks have soared since we -2-

   Patrick Industries Inc.       PATK                                          9.0%                                      8.1% 
   Green Brick Partners Inc.     GRBK                                         10.6%                                     11.8% 
   LGI Homes Inc.                LGIH                                         18.9%                                     19.1% 
                                                                                                              Source: FactSet 

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For broader exposure to the U.S. market for new home construction, there are several exchange-traded funds to consider. These include the iShares U.S. Home Construction ETF ITB, which holds 45 stocks, and the SPDR S&P Homebuilders ETF XHB, which holds 34 stocks. Along with home builders, both of these ETFs invest in suppliers to the residential construction industry.

Don't miss: Apple spent $645 billion on buybacks in a decade. These companies were even more effective.

-Philip van Doorn

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05-08-24 1025ET

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