Stocks Sag on Skyrocketing Oil

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Building stocks and the major markets took a hit this month as oil prices jumped to record highs. Hurricane Katrina devastated petroleum refineries and the uncertainty of the storm's effects forced markets downward. "The president of the Philly Fed is saying the Fed has to adapt to changing circumstances," said Todd Leone, managing director of equity trading at SG Cowen Securities.

October 01, 2005

Building stocks and the major markets took a hit this month as oil prices jumped to record highs. Hurricane Katrina devastated petroleum refineries and the uncertainty of the storm's effects forced markets downward. "The president of the Philly Fed is saying the Fed has to adapt to changing circumstances," said Todd Leone, managing director of equity trading at SG Cowen Securities. "With what's going on in New Orleans, I don't think the Fed can raise rates." Despite this news and word that the government plans to release some oil from its reserves, the growing tragedy in the hurricane's wake took its toll on Wall Street.

The HousingZone.com/GIANTS Builders' and Product Manufacturers' Indicies fled south along with the national indices to end the month of August in the red. The Builders' Index lost 112.86 points, or 7.75 percent, to end at 1343.44. Declining issues surpassed advancing issues by a count of 28 to 8. On the Product Manufacturers' side, the index shed 35.04 points to close at 950.83. Declining issues outpaced advancing issues by a 10-to-4 count. For the complete list of Builders' and Building Product Manufacturers' indicies, visit www.HousingZone.com/economics.

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 8/31/2005 Price 7/29/2005 Net Change Percent Change
Product Manufacturers' Index 950.83 985.87 -35.04 -3.55%
Dow Jones Industrial Average 10481.60 10640.91 -159.31 -1.50%
S&P 500 Index 1220.33 1234.18 -13.85 -1.12%
NASDAQ Composite 2152.09 2184.83 -32.74 -1.50%
Gainers/Losers
$ Gainer USG Corp. 13.95
$ Loser Fortune Brands, Inc. -7.57
% Gainer USG Corp. 28.53%
% Loser Dow Chemical Corp. -9.91%
Advancers 4
Decliners 10
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 8/31/2005 Price 7/29/2005 Net Change Percent Change
Builders' Index 1343.44 1456.30 -112.86 -7.75%
Dow Jones Industrial Average 10481.60 10640.91 -159.31 -1.50%
S&P 500 Index 1220.33 1234.18 -13.85 -1.12%
NASDAQ Composite 2152.09 2184.83 -32.74 -1.50%
Gainers/Losers
$ Gainer William Lyon Homes 24.75
$ Loser NVR, Inc. -53.00
% Gainer William Lyon Homes 19.74%
% Loser Meritage Home Corp. -15.77%
Advancers 8
Decliners 28
Source: Trade Trends, Inc.


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