Homebuilders' Stock vs.Nasdaq vs. S & P 500

This chart shows the performance of homebuilding stocks vs. The S&P 500, NASDAQ and the Down Jones U.S. Home Construction Index. The Dow Jones U.S. Home Construction Index charts the stock prices of home builders. Since stock prices generally reflect expected future earnings of a company based on all currently available data, the Home Construction Index gives a sense of what Wall Street expects the housing market to do in the future. Notice that homebuilding stocks even dwarf the late 1990's NASDAQ stock mania. [Thanks to James Parson who sent this information to me]