Homebuilder stocks soar as investors look ahead to Fed rate cuts
The biggest homebuilders in the US are having a banner year, helped by investor optimism for interest rate cuts by the Federal Reserve in 2024. The SPDR S&P Homebuilders ETF (XHB) has jumped more than 50% year-to-date while the iShares U.S. Home Construction ETF (ITB) has surged nearly 70%.…
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