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.
| 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 | ||||
| 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 | ||||
PB Topical Ref
