Investors are feeling less optimistic about housing demand after a series of downgrades to home-building companies. The iShares U.S. Home Construction ETF dropped 2.6% to $101.06, its lowest close since August 1st. Builders’ margins have been under pressure, leading to incentives and price cuts for buyers. Evercore analyst Stephen Kim believes signs of improvement are unlikely in the near future. Six builders were downgraded earlier this week, contributing to the negative outlook on the housing market.

Read more at Barron’s: Home Builder Stocks Are on Losing Streak