XHB ETF

Mike Khouw, chief strategist at Openinterest.PRO, joins 'Fast Money' to go over the technicals on homebuilders.

The 2024 Presidential Election outcome, with Donald Trump's re-election, led to a significant short-term boost in major stock market indices. Despite the market surge, the SPDR S&P Homebuilders ETF declined due to concerns over tariffs and economic policies impacting housing affordability. The XHB ETF offers diversified exposure to the homebuilding sector, including building products and home improvement retailers, which can mitigate sector-specific risks.

The housing sector looks poised for a rebound.

The SPDR S&P Homebuilders ETF has experienced a volatile year, but has still outperformed the broader markets. We measure XHB against the more popular peer ITB and find that it is the better product. We close with some thoughts on why XHB won't likely make a rewarding BUY now.

After a sharp sell-off that pushed the SPDR Homebuilders ETF NYSE: XHB toward crucial support near $105 during the early August carry trade unwind panic, the sector has rebounded impressively. Now sitting just 3% away from its 52-week high, XHB is consolidating near a significant breakout zone of around $120.

The SPDR S&P Homebuilders ETF (XHB) made its debut on 01/31/2006, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market.

Looking for broad exposure to the Industrials - Engineering and Construction segment of the equity market? You should consider the SPDR S&P Homebuilders ETF (XHB), a passively managed exchange traded fund launched on 01/31/2006.

The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF NYSE: XHB is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its momentum or if a significant pullback is imminent.

'Mad Money' host Jim Cramer takes a closer look at KB Homes and the homebuilder sector.