Seeking Alpha

SPDR Homebuilders ETF (XHB)

  • Jul. 28, 2011, 10:30 AM
    The unexpected rise in pending home sales and D.R. Horton's (DHI +7.2%) better-than-expected quarterly profit is lifting homebuilder stocks (XHB +1.6%) and the broader market. Aside from DHI: LEN +5.7%, PHM +4.4%, KBH +3.1%, TOL +3%. Broad indexes up slightly: Dow now +0.2%, S&P +0.3%, Nasdaq +0.6%.
    | Comment!
  • Jul. 26, 2011, 8:10 AM
    Two sets of housing data are due out shortly, with purchases of new homes in June forecast at an annualized 320K vs. 319K in May. The Case-Shiller index of property values is predicted to have fallen 4.5% in May from a year earlier, although was probably little changed from April.
    | Comment!
  • Jul. 25, 2011, 3:58 PM
    With many homebuilders (ETF: XHB) set to report earnings in the next two weeks, MKM Partners thinks the time is right to buy into the group, favoring Pulte (PHM) and D.R. Horton (DHI) because they’ll be closest to profitability; money-making builders are still relatively rare. She also likes Developers Diversified Realty (DDR) and Glimcher Realty (GRT).
    | Comment!
  • Jul. 8, 2011, 3:28 PM
    The real problem with housing, and it's not going away soon, remains the 50-1 ratio of mortgages in/near default vs. monthly foreclosure sales. It could take at least 4 years to clear those houses off the market, keeping prices depressed in the interim, writes FT Alphaville.Obama's plan to modify more mortgages may be too little, too late.
  • Jun. 20, 2011, 1:20 PM
    Paul Dales says it may not be until 2014 before housing prices rise consistently. The problem is structural rather than cyclical, meaning even a stronger economy over the coming years may not help, and in any case, the economic situation is deteriorating.
  • May. 13, 2011, 8:50 AM
    Contrary to the headlines, more timely housing data implies home prices have been rising since February, Citi says in a note this morning. The bump may be seasonal, but still implies we're much closer to the bottom than bears believe.
  • Apr. 2, 2011, 8:15 AM
    Home prices used to count in inflation measures, until 1983. So the recent run-up to the housing bubble didn't show up - and neither are today's falling prices. Floyd Norris charts an alternate inflation index that may show why core measures may be missing the mark when it comes to bubbly housing.
  • Mar. 15, 2011, 1:50 PM
    Homebuilders (XHB +1%) are among the few sectors holding steady in the selloff after an NAHB index shows a rise in builder confidence. Of course, homebuilder stocks have been down so long, there's little place to go but up: MDC +3.8%, RYL +3.5%, SPF +1.3%, DHI +1.2%, LEN +1%, HOV +1%.
    | Comment!
  • Mar. 8, 2011, 10:23 AM
    Despite the ongoing weakness in housing, shares of homebuilders (XHB +2.5%) are up sharply today after Pulte (PHM +6.7%) says orders for the first two months of 2011 rose 11% Y/Y, and MDC Holdings (MDC +7.6%) is upgraded by two Wall Street analysts. Also: DHI +3.7%, KBH +3.4%, LEN +3.4%, TOL +3.3%, HOV +3.7%, [RYL]] +4.6%, SPF +2.9%.
    | Comment!
  • Feb. 24, 2011, 11:37 AM
    Foreclosed homes sold at a slightly higher discount last year - 28% - but made up a smaller percentage of home sales overall (26% of sales, vs. 2009's 29%), RealtyTrac reports. A "bloated supply of foreclosures" is still weighing on housing and filings may rise 20% this year to a peak. (New home sales, housing prices)
  • Jan. 20, 2011, 11:37 AM
    The 12.3% surge in existing home sales shouldn't be sneezed at - it's the first time over the 5M annual sales pace since the homebuyer tax credit - but accounting for the seasonal effect in NAR's inventory calculations still shows a worrisome increase in inventory (chart).
  • Jan. 12, 2011, 11:40 AM
    Home builders expect to start on 575K single-family homes this year - up 21% from 2010, but a far cry from 2005's 1.7M. Housing doesn't really look less shaky, and that NAHB forecast has a big assumption: that job growth gets more consistent.
  • Dec. 23, 2010, 1:41 PM
    Homebuilders are taking a beating on today's new-home sales data, which fell short of already conservative expectations. Just how weak are sales? The seven lowest months on record have all been in the last seven months. TOL -3%. KBH -4.8%. DHI -2.9%. PHM -3%. LEN -3.9%. XHB -1%.
    | 1 Comment
  • Dec. 2, 2010, 2:12 PM
    Homebuilders (ETF: XHB) lead the session's gainers after this morning's surprise pending home sales number and a big earnings beat from Toll Brothers (TOL +3.4%). MKM Partners advises clients to buy bullish calls on D.R. Horton (DHI +3.6%) and Ryland Group (RYL +6%). Also up at least 5%: HOV +7.9%, LEN +7.3%, KBH +5.6%.
    | Comment!
  • Oct. 30, 2010, 5:12 PM
    Talk about a bad hangover: It would take 107 months for banks to sell their inventory of foreclosed homes, up from a similarly bad 103 months reported in April. The backlog looks like it will continue to grow, as failed mortgage mods are prompting a new wave of defaults and home sales slowed sharply after the government's stimulus program ended.
  • Oct. 28, 2010, 9:09 AM
    The foreclosure "epidemic is spreading from the states at the ground zero of the foreclosure problems out into areas that hadn't been previously affected," says RealtyTrac's Rick Sharga. Banks are on track to seize more than 1M homes by the end of the year.
    | 1 Comment
Visit Seeking Alpha's
XHB vs. ETF Alternatives
XHB Description
The SPDR® S&P® Homebuilders ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Homebuilders Select IndustryTM Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub