Dropping Homebuilder Sentiment Is Providing Headwinds for This ETF
November 28, 2022 at 09:13 AM EST
Rising inflation and normalizing home prices are already putting a damper on the real estate market. To add to that, homebuilder sentiment is on the way down, providing headwinds for homebuilding exchange traded funds. Take the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL), for example. The fund is down about 28% for the year as [...] The post Dropping Homebuilder Sentiment Is Providing Headwinds for This ETF appeared first on ETF Trends .
