Mixed Close for Building and National Markets

Byline:

Margot Crabtree, Trade Trends

Publication Date:

Mon, 2005-08-01 19:00

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 [1].

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