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David Fry
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David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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  • ETF Close-Up: Homebuilders (XHB) 0 comments
    Jan 3, 2012 2:09 PM | about stocks: XHB

    david_gillie_rev

    David Gillie is a Contributing Editor and subscriber to the ETF Digest.

    He has been an Engineering Consultant for multi-million dollar construction claims, President and Founder of Envirospec, Inc. (Robotic Pipeline Inspection Equipment) and owner of David Gillie Woodworking & Design.

    He divides his time between Wilmington, North Carolina and Fort Myers, Florida.

     

     

    Homebuilders? Really? You’re kidding, right? Didn’t they all pawn their tools and move into their mother’s basement a few years ago?

    OK, maybe not “Homebuilders”… how about “Apartment builders” or “Condo Renovators”?

    According to RealtyTrac, there have been nearly 3 Million mortgage defaults annually since 2007. Currently there’s an estimated 3 million “squatters” (remaining in their homes and long delinquent in payments).


    Physics states that for every action, there’s an opposite and equal reaction. So it is with the housing market collapse -- a rental market emerges. All these people have to live somewhere. (Might explain the rise in car sales, but that’s another report). Fact is that they’re renting.

    <READ MORE>

    Stocks: XHB
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