When you want market exposure to the housing market without picking individual stocks, you can use these three exchange-traded funds that track home construction, regional banks that finance mortgage-related loans and community banks that finance community development and home construction.

The iShares U.S. Construction ETF (ITB) - Get Report consists of 45 stocks. HomebuildersD R Horton (DHI) - Get Report , Lennar (LEN) - Get Report and PulteGroup (PHM) - Get Report are the top three holdings with weightings of 12.31%, 9.92% and 8.19%, respectively.

The iShares U.S. Regional Banks ETF (IAT) - Get Report consists of 56 bank stocks. Regional banksUS Bancorp (USB) - Get Report , PNC Financial (PNC) - Get Report and BB&T(BBT) - Get Report  are the top three holdings with weightings of 17.41%, 10.67% and 7.77%, respectively. (Note that the four "too big to fail" banks are not components of this ETF.)

The First Trust Nasdaq ABA Community Bank Index Fund (QABA) - Get Report consists of 147 smaller banks with Signature Bank (SBNY) - Get Report the largest component at just a 3.64% weighting.

Before we look at the weekly charts for these ETFs let's take a look at the most recent reading on home prices from the recently renamed S&P Core Logic Case-Shiller Indices.

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As the chart above shows, the 20-City composite had a year-over-year seasonally adjusted rise of 5.2% in May, but slipped 0.1% month over month. Home prices are up about 40% since bottoming in March 2012, which questions home affordability.

This notion is supported by the fact that home ownership, as shown below, is at a 51-year low.

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Here's the weekly chart for the home construction ETF.

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Courtesy of MetaStock Xenith

The housing index has a positive but overbought weekly chart with the index above is key weekly moving average of $28.42 and above its 200-week simple moving average of 24.80. Weekly momentum is projected to end the week at 82.47 slipping from 83.59 on July 29, with both readings well above the overbought threshold of 80.00.

This ETF is up 5.7% year to date and is up 32.6% from its Feb. 11 low of $21.61.

Investors looking to buy the home construction ETF should buy weakness to $25.38, which is a key level on technical charts until the end of August. There is a pivotal level of $28.45 through September.

Investors looking to reduce holdings should sell strength to $34.05, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for regional bank ETF.

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Courtesy of MetaStock Xenith

The weekly chart for the regional bank ETF is positive with the ETF above its key weekly moving average of $33.28 and above its 200-week simple moving average of $32.11. The weekly momentum reading is projected to rise to 62.47 this week up from 59.40 on July 29.

This ETF is down 4% year to date and in correction territory 11.6% below its July 23, 2015 high of $37.99. The ETF is also 24.8% above its Feb. 11 high of $26.89.

Investors looking to buy the regional bank ETF should buy weakness to $29.22, which is a key level on technical charts until the end of August. The $33.11 level is a pivot or magnet through September.

Investors looking to reduce holdings should sell strength to 41.12, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for the community bank ETF.

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Courtesy of MetaStock Xenith

The weekly chart for the community bank ETF is positive with the ETF above its key weekly moving average of $38.76 and above its 200-week simple moving average of $34.48. The weekly momentum reading is projected to rise to 69.41 this week up from 66.45 on July 29.

This ETF is up just 0.3% year to date and in correction territory 10.7% below its Nov, 10, 2015 high of $43.75. The ETF is also 20.6% above its Feb. 11 high of $32.40.

Investors looking to buy the community bank ETF should do so on weakness to $33.69, which is a key level on technical charts until the end of August. There is a pivot level of $39.01 in play until the end of September.

Investors looking to reduce holdings should sell strength with the stock above key levels of $45.99, which is a key level on technical charts until the end of 2016.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.