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SPDR Homebuilders ETF (XHB)

  • 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.
    | Jan. 12, 2011, 11:40 AM | 10 Comments
  • 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%.
    | Dec. 23, 2010, 1:41 PM | 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%.
    | Dec. 2, 2010, 2:12 PM | 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. 30, 2010, 5:12 PM | 19 Comments
  • 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.
    | Oct. 28, 2010, 9:09 AM | 1 Comment
  • Oct. 22, 2010, 1:30 PM
    Ahead of Tuesday's Case-Shiller housing price numbers, Clear Capital's index (also repeat sales) indicates a "sudden and dramatic" drop in home prices, wiping out the gains just before the homebuyer tax-credit expiration.
    | Oct. 22, 2010, 1:30 PM | 1 Comment
  • Sep. 15, 2010, 8:31 AM
    Homeowners continue to cut the price of their homes to lure buyers into the weak market, with 26% slashing their asking prices last month, reports. It's the highest level since Oct. 2009 and a discomforting trend, though select U.S. cities are seeing a "gradual improvement."
    | Sep. 15, 2010, 8:31 AM | 2 Comments
  • Aug. 3, 2010, 2:02 PM
    If you're thinking about investing in housing stocks, you've got to distinguish between a valuation trade and a fundamental one, veteran housing analyst Ivy Zelman tells Barron's. KB Home (KBH) and Lennar (LEN) are Buys as valuation trades, while home-improvement companies like Home Depot (HD) and Lowe's (LOW) are Buys on the fundamentals. Stay away from USG (USG) and Armstrong World Industries (AWI), Zelman says.
    | Aug. 3, 2010, 2:02 PM | 1 Comment
  • Jul. 29, 2010, 11:57 AM
    Foreclosure filings are higher in 75% of U.S. metro areas - and they've more than doubled Y/Y in Baltimore, Oklahoma City and Albuquerque, N.M., RealtyTrac says. Nevada, Florida, California and Arizona still lead the top of the list, but filings are "spreading out" from previously hard hit areas.
    | Jul. 29, 2010, 11:57 AM | Comment!
  • Jul. 26, 2010, 4:05 PM
    Market recap: Stocks closed near session highs, taking optimism from improved guidance from FedEx (FDX +5.6%) and a boost in home sales that sent prices for homebuilders higher (ETF: XHB). The S&P finished above 1,110, considered a key resistance level. NYSE advancing issues beat losers more than three to one, but volume was very light.
    | Jul. 26, 2010, 4:05 PM | Comment!
  • Jul. 22, 2010, 1:39 PM
    A few more graphs on home sales from Calculated Risk, including Y/Y inventory - which is not seasonally adjusted, and happens to be very heavy. (existing home sales)
    | Jul. 22, 2010, 1:39 PM | 5 Comments
  • Jul. 21, 2010, 12:12 PM
    More wheezing support for a housing bubble? Anecdotal RealtyTrac evidence in a number of regions points to banks holding high-end foreclosures off the market.
    | Jul. 21, 2010, 12:12 PM | 6 Comments
  • Jun. 23, 2010, 3:54 PM
    CNBC's David Faber ponders the implications of today's new home sales crash: "To those who say we need the housing market and most importantly housing prices to stabilize before a sustained economic recovery can take hold, today’s number makes one wonder when that time will truly arrive."
    | Jun. 23, 2010, 3:54 PM | 4 Comments
  • Jun. 21, 2010, 8:58 AM
    Consumers have stopped paying mortgages so that they can cover other bills, says Meredith Whitney on CNBC, leaving banks with rotting assets and a mounting foreclosure problem. A double dip is coming in housing, "no doubt about it."
    | Jun. 21, 2010, 8:58 AM | 8 Comments
  • Jun. 16, 2010, 12:19 PM
    Michael Shulman's surprised that the Street was surprised by this morning's weak housing data: "What did people expect after the expiration of the home buyer tax credit, with unemployment north of 20% in the real world, and Freddie (FRE) and Fannie (FNM) now responsible for more than 97% of all new mortgages?" Shulman believes we're only 25-33% through the foreclosure crisis.
    | Jun. 16, 2010, 12:19 PM | 3 Comments
  • Feb. 11, 2010, 3:14 PM
    Sector ETF strength: Coal– KOL +4.9%. Gold Miners– GDX +4.1%. Steel– SLX +3.7%. Silver– SLV +3%. Homebuilders– XHB +2.5%. Basic Materials– IYM +2.3%. Oil Services– OIH +2.3%.
    Sector ETF weakness: Regional Banks– KRE -0.5%. Livestock– COW -0.4%
    | Feb. 11, 2010, 3:14 PM | Comment!
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