.
Homebuilders' stocks tumble as housing starts fall 14.7%: Economist says 'bad time to buy a home'
The SPDR Homebuilders ETF (NYSE:XHB) fell 1.8% in mid-pan on Tuesday, hitting its lowest level since February 26, 2024, as homebuilder stocks faced a sharp decline amid negative economic data. The index has fallen about 101 TP3T since the start of the month, the first market correction since September 2023, after surging 601 TP3T in the previous six months through the end of March. The worst performers in the U.S. residential construction category on Tuesday were Installed Building Products, Inc.
English 
Chinese