The latest Case-Shiller index was released this week and it was up 0.6% in February, slightly weaker than estimates, and down from January. The index most major cities in the US and includes both number of sales and prices.
An ETF that tracks the building sector is the iShares ITB Home Construction. As you can see, it has recovered in the last couple of quarters or so:
To receive buy/sell alerts on ITB, please click this link.
ITB: iShares Dow Jones U.S. Home Construction Index Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index. The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and pre-fabricated homes.
Top holdings (name, symbol, percentage):
| NVR, Inc. Common Stock | NVR | 10.50 |
| PulteGroup, Inc. Common Stock | PHM | 10.03 |
| D.R. Horton, Inc. Common Stock | DHI | 9.69 |
| Lennar Corporation Class A Comm | LEN | 8.55 |
| Toll Brothers Inc. Common Stock | TOL | 7.43 |
| KB Home Common Stock | KBH | 4.98 |
| M.D.C. Holdings, Inc. Common St | MDC | 4.73 |
| Ryland Group, Inc. (The) Common | RYL | 4.45 |
| Home Depot, Inc. (The) Common S | HD | 4.00 |
| Meritage Homes Corporation Comm | MTH | 3.68 |
KB Home extended hour sale was called midnight madness. When you look up d midnight madness at the urban dictionary it's defined as someone who robbed you at night on horseback. Just Google "KB Home Sucks" people aren't fooled any more by homebuilders. Giving Tax breaks to convicted felons (Bruce Karatz) without a Federal LEMON LAW for new homes is ridiculous. We as voters and taxpayers want to be protected instead of being ripped off by this unregulated industry. --A KB Home Sucks.
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