Dow Hits New High
As some of you may have noticed, on Wall Street today the Dow closed at the highest mark we have seen. This eclipsed the previous mark set on January 14, 2000. While this is essentially a meaningless milestone, I think it is interesting to compare housing stocks during this time. It is a good way to look back at these years and see what housing did for us during this time.
Lennar Corporation (LEN) 1/14/2000 $16.56 10/03/2006 $44.87
KB Home (KBH) 1/14/2000 $24.12 10/03/2006 $43.37
Centex (CTX) 1/14/2000 $23.37 10/03/2006 $53.27
Pulte Homes Inc. (PHM) 1/14/2000 $18.87 10/03/2006 $31.68
This is just a small sampling of what housing stocks have done in the years since the Dow was this high (and doesn’t include dividends paid out or any splits). It should also be noted that some housing companies have been bought up in this time (notably Clayton Homes being bought up by Berkshire Hathaway, the company run by billionaire investor Warren Buffett).
Whether housing will continue to be as strong as it has been in the preceding years that this time frame covers is highly doubtful to me but there is no denying that housing helped us through times when the market itself was falling on it’s face.
Lennar Corporation (LEN) 1/14/2000 $16.56 10/03/2006 $44.87
KB Home (KBH) 1/14/2000 $24.12 10/03/2006 $43.37
Centex (CTX) 1/14/2000 $23.37 10/03/2006 $53.27
Pulte Homes Inc. (PHM) 1/14/2000 $18.87 10/03/2006 $31.68
This is just a small sampling of what housing stocks have done in the years since the Dow was this high (and doesn’t include dividends paid out or any splits). It should also be noted that some housing companies have been bought up in this time (notably Clayton Homes being bought up by Berkshire Hathaway, the company run by billionaire investor Warren Buffett).
Whether housing will continue to be as strong as it has been in the preceding years that this time frame covers is highly doubtful to me but there is no denying that housing helped us through times when the market itself was falling on it’s face.
2 Comments:
Are those adjusted for dividends? Also are you sure there have not been any splits? What has the DOW done since 2000?
also - maybe you could just put it on a graph? Has the run up really been over the last year or was it more in 03/04?
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