The Federal Reserve has been raising interest rates this year and mortgage interest rates have been rising as well. This has been having an effect on the affordability of housing. One way to measure the health of the homebuilding industry is to follow the stock market symbol XHB – the SPDR S&P Homebuilders. This is an ETF (exchange traded fund) that one can purchase and track just like a stock. This ETF peaked in late January of this year and has been in decline ever since, although during the past couple of months the XHB price has stabilized. If interest rates stabilize here the market for new homes may stabilize as well. The XHB will tell the story.