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    20/04/09
    09:29
    Post #: 5028701
    Friday, April 17, 2009
    Home Builders, REITs Extend Rally


    MarketWatch Pulse

    BOSTON -- Both residential and commercial real estate stocks stretched their rally on Friday, rising for the third straight session. The iShares Dow Jones U.S. Home Construction Index Fund , an exchange-traded fund tracking home builders, was up about 5% in afternoon trading Friday, while the iShares Dow Jones U.S. Real Estate Index Fund rose nearly 4%. Shares of builders and real estate investment trusts have rallied this week despite mall giant General Growth Properties Inc. filing for bankruptcy.


    Copyright © 2009 MarketWatch, Inc.

    CER Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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