Home Builder Stocks Have Worst Week Since 2022

The iShares U.S. Home Construction exchange-traded fund dropped below $100 for the first time since early August on Friday. The fund, which was 1.1% lower in midday trading, was on track for its worst week since June 2022, according to Dow Jones Market Data. Concerns about buyer demand and housing supply are weighing on home-building stocks. The group is on track for its worst week since 2022. The group's tough week comes as investors worry about weak demand and higher-than-usual new supply. An Evercore ana ...