iShares U.S. Home Construction ETF Price & Performance (ITB)

Homebuilder and mortgage lender stocks gained momentum following a surprising rise in February's existing home sales. The iShares U.S. Home Construction ETF (ITB) saw a 1.1% increase, reflecting renewed investor optimism after January's weather-related slump. This rebound suggests potential resilience in the housing market despite ongoing challenges.12

Bearish sentiment among retail investors has reached a record high, with nearly 60% expressing a negative six-month outlook for the third consecutive week. This prolonged pessimism, coupled with a historic low in bullish sentiment, highlights growing concerns over economic stability and market volatility.34

Lennar Corporation’s stock was downgraded from Outperform to Market Perform as analysts cite a tough macroeconomic environment and potential margin risks. Despite its strong positioning, uncertainties surrounding the housing market, including elevated mortgage rates and economic headwinds, have raised caution among investors.45