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Home builder stocks have been battered by rising mortgage rates, but a valuation signal has historically preceded strong returns for the sector.
Making its debut on 10/26/2005, smart beta exchange traded fund Invesco Building & Construction ETF (PKB) provides investors broad exposure to the Industrials ETFs category of the market.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 628,000 in June. This represents a 1.6% increase from May's upwardly revised rate of 618,000 but a 5.6% drop from the previous year.
If you're interested in broad exposure to the Industrials - Engineering and Construction segment of the equity market, look no further than the Invesco Building & Construction ETF (PKB), a passively managed exchange traded fund launched on October 26, 2005.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 580,000 in May. This represents a 7.3% decline from April's rate of 626,000 and an 6.8% drop from the previous year.
A smart beta exchange traded fund, the Invesco Building & Construction ETF (PKB) debuted on 10/26/2005, and offers broad exposure to the Industrials ETFs category of the market.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 622,000 in April. This represents a 6.2% decline from March's rate of 663,000 and an 11.3% drop from the previous year.
Designed to provide broad exposure to the Industrials - Engineering and Construction segment of the equity market, the Invesco Building & Construction ETF (PKB) is a passively managed exchange traded fund launched on October 26, 2005.