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Is Housing Hurting the Recovery?
The Federal Reserve Bank of Atlanta • Thu, May 12, 2011 • 13 Comments
Housing Market Still Churning
Sold At The Top • Thu, May 12, 2011 • 4 Comments
Housing Data Brings PowerShares Building & Construction ETF Into Focus
Jared Cummans • Wed, Dec 1, 2010
Another American Money Pit: Infrastructure
Graham Summers • Tue, Jul 29, 2008 • 25 Comments

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U.S. Housing Starts: May 2013 Preview
James Picerno • Tue, Jun 18
Housing Prices Are On The Rise Again, But Don't Get Caught Holding The Bag
Vahan Janjigian • Thu, May 30 • 2 Comments
New Home Sales: April 2013
Sold At The Top • Fri, May 24
FHFA Monthly Home Prices: March 2013
Sold At The Top • Fri, May 24
Housing Recovery: Average, Median Sales Prices For New Homes Reach All-Time Highs In April
Mark J. Perry • Thu, May 23 • 5 Comments
It's An Inventory Problem, Stupid! Not Another Bubble
Lou Basenese • Tue, May 21 • 9 Comments
U.S. Housing Starts: April 2013 Preview
James Picerno • Thu, May 16
Homebuilder Confidence Back Up
Wall Street Strategies • Wed, May 15
CoreLogic: Housing Is Booming Again
Cullen Roche • Tue, May 7 • 1 Comment
Is It Time To Short The Home Builders?
Pater Tenebrarum • Mon, May 6 • 41 Comments
The Market Cap Of The U.S. New Home Market
Ironman at Political Calculations • Wed, May 1 • 4 Comments
Real Estate Winners And Losers
Pater Tenebrarum • Wed, May 1 • 1 Comment
The Second U.S. Housing Bubble Continues To Inflate
Ironman at Political Calculations • Tue, Apr 30 • 10 Comments
Growing Pains For The Housing Market
James Picerno • Wed, Apr 24 • 1 Comment
Rage Against The Machines
The Inflation Trader • Wed, Apr 24 • 6 Comments
Homebuilder Blues: NAHB/Wells Fargo Homebuilder Ratings, April 2013
Sold At The Top • Mon, Apr 15
U.S. Housing Starts: March 2013 Preview
James Picerno • Mon, Apr 15 • 2 Comments
Why Real Estate Prices Cannot Go Higher
Pater Tenebrarum • Mon, Apr 15 • 10 Comments
4 Housing Recovery Investment Trends
Dodd Kittsley • Thu, Apr 11 • 1 Comment
Housing Bubble II?
Russ Koesterich • Wed, Apr 10 • 7 Comments

There are no Transcripts on PKB.

ETF Focus: Buy what Japan needs to rebuild

at MarketWatch.com (Mar 17, 2011)

PKB vs. ETF Alternatives

PKB Description

The PowerShares Building & Construction Portfolio (Fund) is based on the Building & Construction Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.
See more details on sponsor's website

Sector: Industrial Goods

Country: United States

Key Info

In Your Portfolio: A Guide to Sector ETFs, Homebuilders and Construction ETFs
Asset Class Performance: Themes & Subsectors

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| Earnings
| Dividends
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| On the move

Monday, June 17, 10:34 AM NAHB Housing Market Index: +8 to 52, vs. consensus of 45. It's the biggest one-month gain since 2002 and the first time above 50 for the index since April 2006. The reports is consistent with the NAHB forecast of a 29% increase in housing starts this year to more than 1M (first time since 2007), according to the group's David Crowe. XHB +1.5%, 3 Comments [U.S. Economy]
Thursday, May 23, 10:07 AM More on New Home Sales: The March print was revised sharply higher - to 444K from 417K. April sales were 2.3% higher than March and 29% higher than a year ago. The median sales price was $271.6K, the average $330.8K. Inventory stands at 156K, representing a supply of 4.1 months. Homebuilders ETF (XHB -0.4%). (full report) Comment! [U.S. Economy]
Wednesday, May 22, 3:01 PM Window, door and siding maker Ply Gem Holdings (PGEM) is set to price its 15.8M share IPO today for between $18 to $20 each, valuing the deal at around $300M. If history is any guide, the stock could be poised to have a strong debut. Already this year, three homebuilders have floated initial shares, the first in the industry since 2004. The stocks have all traded higher since, with seasoned homebuilder stocks also posting big gains this year as well. Comment! [Consumer]
Thursday, May 16, 8:38 AM SPY -0.3% premarket, giving up small early gains after a big jump in jobless claims and a rather shocking decline in housing starts. Starts were off 16.5% from March, but up 13.1% Y/Y. On a more hopeful note, building permits were up 14.3% from March, up 35.8% Y/Y. Treasurys catch a bid, TLT +0.5% premarket. Homebuilders ETF: XHB -0.2%. Comment!
Wednesday, May 15, 10:09 AM NAHB Housing Market Index: +3 to 44, vs. consensus of 43; 41 in April. "Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale." Builders' main concerns have little to do with demand, and remain centered on rising costs and lot shortages. The XHB is flat. Comment! [U.S. Economy]
Wednesday, May 8, 3:16 PM The bull story on the homebuilders (XHB) still has years to play out, says Steve Eisman, speaking at Ira Sohn under the topic, "Housing: U.S. vs. Canada." He's especially bullish on the land-rich homebuilders - LEN, PHM, SPF - as there's not enough inventory to support demand and land prices will be heading higher, but the purest land play might be Forestar Group (FOR +5.5%), worth $30/share in his opinion. Comment! [Quick Ideas]
Tuesday, April 30, 11:27 AM Home starts are up by huge amounts in a number of the country's hardest-hit (property-wise) areas, according to an advance look from number-crunchers Metrostudy. More interestingly, builders - without replacement projects to "roll into" - are trying to deliberately slow sales by raising prices. The recent drop in builder confidence, suggests Metrostudy, is more about lot costs and labor shortages than low traffic and sales. XHB -1.1%. Comment! [U.S. Economy]
Thursday, April 25, 3:24 PM The Homebuilder ETF (XHB +1.2%) gains after PulteGroup (PHM +5.5%) reported Q1 closings up 23%, with the average selling price up 10%. Meritage Homes (MTH +1.1%) yesterday reported a 17% increase in prices, while Ryland Group (RYL +6.7%) last night said its average price rose 8.2%. "Housing demand is greater than the supply of homes available for sale in many of the areas where we operate," says Meritage CEO Steven Hilton. Comment! [On the Move]
Tuesday, April 23, 11:24 AM Most notable in the New Home Sales report, says Deutsche, is the convergence of sales with starts. For the last few months starts had raced ahead of sales, but the gap closed in March. Maybe not so great for the builders (XHB +2.4%), it appears as if starts have "caught down" to sales as opposed to the other way around. Investors may still be pricing in too high a rate of sales growth. 2 Comments [U.S. Economy]
Wednesday, April 17, 2:17 PM More from Beige Book: The homebuilders (XHB) might like to know most districts reported strong homebuyer demand with sales being restrained by low inventories. New Jersey noted a "marked reduction" in distressed properties. Home construction is picking up in most districts though tight supplies of building materials are stalling things. The NAHB reported a similar issue. Comment! [U.S. Economy]
Tuesday, April 16, 11:29 AM Homebuilder stocks aren't taking much encouragement off the bigger number in Housing Starts today, as the underlying data doesn't appear to be strong enough to offset yesterday's drubbing: BZH -0.7%, TMHC -0.2%, HOV -0.2%, DHI +0.9%, KBH +0.5%, PHM +1.6%, LEN +0.9%, TOL +1%. Building materials suppliers on the other hand don't care what kind of homes are being built, and are having a much better day on the news: LII +2.3%, WSO +2%, SHW +3.3%, LPX +3.6%). Comment!
Tuesday, April 16, 8:39 AM More on Housing Starts: Offsetting the big headline print a bit are building permits, which fell 3.9% vs. forecasts of a 0.3% gain. The gain in housing starts came from multi-family as single-family starts of 619K were off 4.8% from February. S&P 500 futures are just off session highs, +0.9%. Homebuilders ETF: XHB +1.5% premarket. 1 Comment [U.S. Economy]
Monday, April 15, 10:11 AM More on NAHB: Demand isn't the issue. The slide in confidence instead reflects concerns over rising costs for building materials and "frustration over being unable to respond to the rising demand for new homes" - what your grandfather might have called "high-class worries." The XHB -2.5%, +39% Y/Y. 1 Comment [U.S. Economy]
Tuesday, April 9, 8:30 PM Homebuilding stocks have been on a tear now for over a year now, with leaders like KB Home (KBH), PulteGroup (PHM), Lennar (LEN), and Toll Brothers (TOL) all racking up solid gains. With such a big move already underway in the sector, today's $200M IPO announcement by William Lyon Homes (WLH), along with the $602M Taylor Morrison (TMHC) IPO due out later this week, may be viewed by some contrarians as a sign of a top in the market. 18 Comments [U.S. Economy]
Tuesday, March 26, 10:09 AM More on New Home Sales: The seasonally-adjusted rate of 411K is off 4.6% from January, but up 12.3% Y/Y. Inventory rises to a 4.4 month supply from 4.1 in January, but down from around 5 months a year ago. The XHB gains 0.4%. (full report) 1 Comment [U.S. Economy]
Friday, March 22, 7:50 AM Las Vegas land prices are rising at a "downright scary" pace, according to a new report from Home Builders Research. Land purchased for about $180K/acre late last year is going for $250K-$275K now, with a few parcels in escrow for $350K. The economy remains too weak "to sustain this level of increases," says the report. Let the Fed worry about that. 11 Comments [U.S. Economy]

ETFdesk
WaysToPlay: Nuclear Power Expansion in China Stirs Concerns http://bit.ly/8klYCT $PKB #China #Copenhagen #ETF #MKT
12/17/09
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WyasToPlay: Babcock eyes rapid growth, accelerate international expansion http://bit.ly/1f7Clk $PKB #Defense #ETF #MKT #News
11/11/09
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WaysToPlay: China and Kenya in key infrastructure talks http://bit.ly/JAfoL AMJ IGF MGU PKB #Africa #China #ETF #MKT #Kenya
10/14/09
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