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Benzinga
Benzinga
Business
Chandrima Sanyal

Jamie Dimon's $750 Billion Housing Bet Puts Homebuilder ETFs Back in Focus

United States ETF JPMorgan JPM ITB Housing Market
Property,Management,Concept.,Real,Estate,Investment.,Planning,Estate,Business.,Housing

JPMorgan Chase & Co’s (NYSE:JPM) decision to deploy $750 billion into U.S. housing over the next decade reflects its confidence in the long-term fundamentals of the housing market, putting housing-related ETFs back in focus.

The banking giant plans to finance or preserve 1 million affordable housing units, help 500,000 Americans purchase homes, boost residential mortgage lending by more than 45%, and hire 850 home-lending advisers, according to Reuters.

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