Kb Home Falls Further Behind the Homebuilders ETF (XHB)

(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) The SPDR S&P Homebuilders ETF (XHB) has remained amazingly resilient during the stock market’s latest rendition of the “sell-in-May” swoon. {snip} Source: FreeStockCharts.com I believe this trading action is consistent with … Read more

Investing In A Housing Recovery with Dynex Capital

(This is an excerpt from an article I originally published on Seeking Alpha on January 31, 2012. Click here to read the entire piece.) {snip} Dynex Capital (DX) is one of several companies in the business of buying mortgage-backed securities. Specifically: {snip} Dynex Capital (DX) came to my attention because on Friday the company raised … Read more

Time to Buy the Dips In Homebuilders

This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2012. Click here to read the entire piece.) I last provided a comprehensive review of the housing market on September 29, 2010 in “Still Expecting Housing to Bounce Along the Bottom Until 2013.” At the time, I reiterated the … Read more

LPS Poised to Profit As Housing Market Continues to Worsen (Transcript)

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece. Full article includes extensive notes from LPS’s last earnings conference call.) For two weeks, I have tried to post my notes from the first quarter earnings conference call for Lender Processing Services, Inc (LPS), a major … Read more

Housing’s Struggles Continue As Some Prices Roll Back to 1990s Levels

It seems the Federal Reserve may maintain some excuse to keep printing money. Hundreds of billions printed in the name of economic recovery and inflation can be seen almost everywhere except the housing market, one of two of the Fed’s main targets – the other being employment. (See “Inflation Watch” for running highlights of stories … Read more

Poor Housing Numbers Send XHB to Another Retest of 2010 Lows

Many homebuilder stocks, like Toll Brothers (TOL), went parabolic in April. The homebuilder index, XHB, hit 18-month highs at the time. Since flaming out, TOL is down 26%, and the homebuilder’s ETF, XHB, has sunk 23% in two months. This action further confirms the principle that parabolic moves more than likely signal the coming end … Read more