Exchange-traded funds that track the home-building sector fell on Tuesday, following the most recent data on home prices. The SPDR S&P Homebuilders ETF fell 0.4% while the iShares U.S. Home Construction ETF was down 0.6%. The PowerShares Dynamic Building & Construction Portfolio slid 0.6%. The S&P/Case-Shiller national index rose a seasonally adjusted 0.5% in the three-month period ending in January, and was up 6.2% compared with a year before. Among specific companies, D.R. Horton Inc. fell 0.9% while Toll Brothers Inc. was off 0.2%. The Dow Jones Industrial Average dipped less than 0.1% while the S&P 500 was down 0.1% and the Nasdaq Composite Index was unchanged.
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