Mixed Close for Building and National Markets

The month and June quarter ended mixed as markets reacted to the expected quarter point hike by the Federal Reserve. The ninth increase in a year left Wall Street hoping for an easing in the hikes in the future, but there was no nod in that direction. "They are going to keep going," said David Jones, head of DMJ Advisors, an economic consulting firm.

August 02, 2005

The month and June quarter ended mixed as markets reacted to the expected quarter point hike by the Federal Reserve. The ninth increase in a year left Wall Street hoping for an easing in the hikes in the future, but there was no nod in that direction. "They are going to keep going," said David Jones, head of DMJ Advisors, an economic consulting firm. "There will be an August move because there is no hint at this meeting that they will pause." In addition, May income growth and spending were both weak. Record oil prices above $60 a barrel further pressured the Street.

In tandem with the major markets, the Giants/HousingZone.com indices were mixed at the close of our session ended June 30, 2005, with the Builders' Index posting strong gains and the Product Manufacturing Index heading south. The Builders' Index increased 7.09 percent to close at 1332.13, and the Product Manufacturers' Index slid 3.96 percent to end at 972.74. Declining issues outpaced advancing issues at a count of 8-to-6. In the Builders' Index, advancing issues tore past declining issues by an 11 to 1 margin. For the complete list of the Builders' and Building Product Manufacturers' indices, visit http://www.housingzone.com/economics.

Building Product Manufacturers' Index
Exchange Symbol Ticker Name Company
NYSE ASD American Standard Companies, Inc.
NASD AMWD American Woodmark Corp.
NYSE BDK Black & Decker Corp.
NYSE DOW Dow Chemical Corp.
NYSE FO Fortune Brands, Inc.
NYSE GE General Electric Corp.
NYSE GP Georgia-Pacific Co.
NYSE MAS Masco Corp.
NYSE MYG Maytag Corp.
NYSE MHK Mohawk Industries, Inc.
NYSE SHW Sherwin-Williams Co.
NYSE SWK Stanley Works
NYSE USG USG Corp.
NYSE WHR Whirlpool Corp.


Price 6/30/2005 Price 5/31/2005 Net Change Percent Change
Product Manufacturers' Index 972.74 1012.80 -40.06 -3.96%
Dow Jones Industrial Average 10274.97 10467.48 -192.51 -1.84%
S&P 500 Index 1191.33 1191.50 -0.17 -0.01%
NASDAQ Composite 2056.96 2068.22 -11.26 -0.54%
Gainers/Losers
$ Gainer Sherwin-Williams Co. 2.64
$ Loser American Woodmark Corp. -3.60
% Gainer Maytag Corp. 7.33%
% Loser American Woodmark Corp. -10.71%
Advancers 6
Decliners 8
Source: Trade Trends, Inc. (509) 327-1279


Builders' Index
Exchange Symbol Ticker Name Company
NYSE AVB AvalonBay Communities, Inc.
NASD AVTR Avatar Holdings, Inc.
NYSE BZH Beazer Homes USA, Inc.
NYSE BHS Brookfield Homes Corp.
NYSE CPT Camden Property Trust
AMEX CAV Cavalier Homes, Inc.
NASD CVCO Cavco Industries, Inc.
NYSE CTX Centex Corp.
NYSE CHB Champion Enterprises, Inc.
NASD CHCI Comstock Homebuilding Companies, Inc.
NYSE DHI D.R. Horton, Inc.
NASD DHOM Dominion Homes, Inc.
NYSE FLE Fleetwood Enterprises, Inc.
NYSE HOV Hovnanian Enterprises, Inc.
NYSE KBH KB Home
NYSE LEN Lennar Corp.
NYSE LEV Levitt Corp. (Levitt & Sons, LLC)
NYSE MDC MDC Holdings, Inc.
NYSE MHO M/I Homes, Inc.
NYSE MTH Meritage Homes Corp.
NASD NOBH Nobility Homes
AMEX NVR NVR, Inc.
AMEX OHB Orleans Homebuilders, Inc.
NASD PHHM Palm Harbor Homes, Inc.
NYSE PHM Pulte Homes, Inc.
NYSE RYL Ryland Group, Inc.
NYSE SKY Skyline Corp.
NYSE JOE St. Joe Co., The
NYSE SPF Standard-Pacific Corp.
NASD TARR Tarragon Corp.
NYSE TOA Technical Olympic USA, Inc.
NYSE TOL Toll Brothers, Inc.
NYSE WLT Walter Industries (Jim Walter Homes, Inc.)
NYSE WCI "WCI Communities, Inc.
NYSE WY Weyerhaeuser Co. (Weyerhaeuser Real Estate Co.)
NYSE WLS William Lyon Homes


Price 6/30/2005 Price 5/31/2005 Net Change Percent Change
Builders' Index 1332.13 1243.88 88.25 7.09%
Dow Jones Industrial Average 10274.97 10467.48 -192.51 -1.84%
S&P 500 Index 1191.33 1191.50 -0.17 -0.01%
NASDAQ Composite 2056.96 2068.22 -11.26 -0.54%
Gainers/Losers
$ Gainer NVR, Inc. 51.00
$ Loser Walter Industries (Jim Walter Homes, Inc.) -2.20
% Gainer Cavalier Homes, Inc. 36.16%
% Loser Walter Industries (Jim Walter Homes, Inc.) -5.19%
Advancers 33
Decliners 3
Source: Trade Trends


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