iShares FTSE NAREIT Mortgage Plus Capped Index Fund (REM) -1.0%
The real estate industry is seeing mixed action. At the same time that REIT-focused funds like REM and the iShares Cohen & Steers Realty Majors Index Fund (ICF) are sliding into negative territory, the homebuilders are witnessing a jump. The iShares Dow Jones U.S. Home Construction Index Fund (ITB) and the SPDR S&P Homebuilder ETF (XHB) are both up over 2%.
All prices as of 2:10 PM EST
Written by Don Dion in Williamstown, Mass.