Index construction methodology has rules for inclusion and exclusion and index constituents change often.
It includes a discourse on index construction methodologies using an easy to follow index classification method.
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There are some other reports as well, with the ISM Manufacturing Index and Construction Spending set for release on Monday.
The iShares Dow Jones U.S. Home Construction Index Fund (NYSE:ITB) holds shares in companies such as NVR (NYSE:NVR), D.
That leaves the iShares Dow Jones U.S. Home Construction Index Fund (ITB) at a loss of 10% for all of 2011.
Tuesday features the January ISM manufacturing index and December construction spending.
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In 2012, the iShares Dow Jones U.S. Home Construction Index Fund ETF (ITB) delivered a whopping 78.4% return, said Robert Goldsborough, ETF analyst at Morningstar.
Other companies in the home-building sector also have seen some recent volatility, though the Dow Jones U.S. Home Construction Index, which tracks public home builders, has risen 61.5% over the past 12 months.
The SPDR KBW Mortgage Finance ETF (NYSE: KME) which holds the same seven holdings as the Dow Jones U.S. Home Construction Index Fund, however the seven holdings only make up about 29% of the ETF.
According to the ETF Finder at ETF Channel, KBH makes up 3.12% of the iShares Dow Jones U.S. Home Construction Index Fund ETF ( AMEX: ITB )which is trading higher by about 1% on the day Friday.
However, the iShares Dow Jones U.S. Home Construction Index Fund (NYSE: ITB) holds seven of the ten homebuilders, excluding Beazer Homes, Brookfield Homes, and Hovnanian, and these seven holdings aggregately make up more than 41% of the ETF.
The U.S. economic data slate Thursday is very heavy and includes the weekly DOE energy stocks report, ICSC chain store sales, domestic auto sales, the Challenger job cuts report, the ADP national employment report, weekly jobless claims, preliminary productivity and costs, the U.S. manufacturing PMI, the ISM manufacturing report, the consumer confidence index, and construction spending.
This index fell by six points in May to 45, its lowest since 1995. (A score below 50 suggests that more builders reckon the market is poor than think it good.) Economists at Goldman Sachs estimate, from the fall in the homebuilders' index, that construction will fall at an annual rate of 10-15% in the next four quarters.
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The AiG construction performance index eased further during April to read 37.9.
U.S. economic data due for release Thursday includes the weekly jobless claims report, the producer price index, new residential construction and the Philadelphia Fed business survey.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, new residential construction and the weekly Johnson Redbook retail sales report.
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The company expects that in conjunction with the strength displayed by its construction activity index, the economy will rebound by 0.8% in the first quarter after an unexpected 0.5% contraction at the end of 2010.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the weekly Goldman Sachs and Johnson Redbook retail sales reports, the producer price index, new residential construction, and the FOMC minutes.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, new residential construction, import and export prices, the weekly Johnson Redbook retail sales report, and industrial production and capacity utilization.
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Finally, just before the long weekend, we get consumer sentiment, the ISM Manufacturing Index and the monthly reading on construction spending.
U.S. economic data due for release Thursday includes the weekly jobless claims report, the consumer price index, real earnings, new residential construction, and the Philadelphia Fed business survey.
U.S. economic data due for release Thursday includes the consumer price index, real earnings, new residential construction, the weekly jobless claims report and the Philadelphia Fed business outlook survey.
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U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, new residential construction, the consumer price index and the weekly DOE liquid energy stocks report.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs and Johnson Redbook retail sales reports, the consumer price index, real earnings, new residential construction, industrial production and capacity utilization, and the IMF world economic outlook.
And the upturn in the Case Shiller Home-Price Index is being pushed along by a fresh construction boom.
The PMI Manufacturing Index and ISM Manufacturing Index are both out on Monday, along with construction spending.
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U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, the weekly Johnson Redbook retail report, construction spending, the ISM manufacturing report, and the Federal Open Market Committee begins a two-day meeting.
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In the U.S., mixed in with the still mostly positive economic reports in the headlines have been reports that Durable Goods Orders unexpectedly fell 4.0% in January after rising 3.2% in December, factory orders unexpectedly fell in January, as did construction spending, while the ISM Mfg Index unexpectedly declined in February.
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On the still worsening side were the further declines in construction spending, and in the Chicago Purchasing Managers Index.
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