Homebuilder Stocks; Is It 2007 All Over Again?

Homebuilder Stocks; Is It 2007 All Over Again?

Housing market concerns are bubbling up once again. Remember the 2007 housing bubble? Well this may not end the same way, but it’s definitely worth noting the weakness in the housing sector. Especially the homebuilders (via the Dow Jones Home Construction Index). Take...
Economic indicators testing critical levels!

Economic indicators testing critical levels!

CLICK ON CHART TO ENLARGE The above 2-pack looks at a couple of very important sectors of our economy, Home Builders and U.S. Concrete. Both have been hit very hard this year, declining large percentages. Both have been much weaker than the broad markets. The declines...
Home builders need to breakout now or…

Home builders need to breakout now or…

  CLICK ON CHART TO ENLARGE The Dow Jones Home Construction index created a “Bearish Head & Shoulders” top from 2003 to 2007. The index ended up losing  90% of its value during the housing crisis with half of the decline taking place once the neckline...