Despite rising oil prices and a drop in consumer spending and income, indices closed in positive terrain for the month ending March 31, 2006. The Builders' Index added 12.32 points, or 0.98 percent, to end March at 1264.97.
Some negative news including predictions of a sustained decline in the housing market in 2006 slowed the markets in December. The anticipated so-called Santa Claus rally never materialized, but other factors such as soaring consumer confidence numbers for December left investors scratching their heads.
A Halloween rally wasn't enough to bring the major indices into positive terrain for the session ending October 31, 2005. Consumer spending rose 0.5 percent after a drop in the previous month. The Commerce Department also reported a 3.8 percent gain in the gross domestic product for the July through September quarter, growing more than expected in the wake of Hurricanes Rita and Katrina.
The October issue of Professional Builder features Mercedes Homes and the concrete wall technology it developed for use in the homes it builds in Florida. Since its publication, the company’s phones haven’t stopped ringing.