Homebuilding
Homebuilding is losing market weight. Lost weight for 4 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 100% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Feb 2020 – Jan 2025 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| D. R. Horton → DHI | Homebuilding | United States | 0.099% | -0.042 pp | +0.1% | 0.0 |
| PulteGroup → PHM | Homebuilding | United States | 0.052% | -0.015 pp | +9.6% | 0.0 |
| NVR, Inc. → NVR | Homebuilding | United States | 0.055% | -0.012 pp | +13.3% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Jan 2025 | 0.206% | -0.003 pp | -0.052 pp | +0.003 pp | -0.069 pp | -12.6% |
| Dec 2024 | 0.209% | -0.034 pp | -0.075 pp | +0.034 pp | -0.074 pp | -13.6% |
| Nov 2024 | 0.243% | -0.015 pp | -0.040 pp | +0.057 pp | -0.010 pp | +12.4% |
| Oct 2024 | 0.258% | -0.026 pp | +0.056 pp | -0.014 pp | +0.024 pp | +26.9% |
| Sep 2024 | 0.284% | +0.002 pp | +0.109 pp | -0.010 pp | +0.044 pp | +35.6% |
| Aug 2024 | 0.283% | +0.080 pp | +0.097 pp | +0.005 pp | +0.031 pp | +26.5% |
| Jul 2024 | 0.203% | +0.028 pp | -0.070 pp | -0.072 pp | +0.024 pp | +23.7% |
| Jun 2024 | 0.175% | -0.011 pp | -0.119 pp | -0.109 pp | -0.009 pp | +3.2% |
| May 2024 | 0.186% | -0.086 pp | -0.091 pp | -0.067 pp | +0.015 pp | +19.3% |
| Apr 2024 | 0.272% | -0.022 pp | -0.002 pp | +0.038 pp | +0.031 pp | +17.5% |
| Mar 2024 | 0.294% | +0.016 pp | +0.010 pp | +0.053 pp | +0.073 pp | +38.6% |
| Feb 2024 | 0.278% | +0.003 pp | +0.025 pp | +0.026 pp | +0.063 pp | +34.7% |
| Jan 2024 | 0.275% | -0.009 pp | +0.041 pp | +0.096 pp | +0.057 pp | +32.1% |
| Dec 2023 | 0.284% | +0.031 pp | +0.043 pp | +0.100 pp | +0.082 pp | +44.7% |
| Nov 2023 | 0.253% | +0.019 pp | +0.001 pp | +0.082 pp | +0.068 pp | +38.8% |
| Oct 2023 | 0.234% | -0.007 pp | +0.055 pp | -0.007 pp | +0.058 pp | +29.5% |
| Sep 2023 | 0.241% | -0.011 pp | +0.057 pp | +0.020 pp | +0.063 pp | +36.6% |
| Aug 2023 | 0.252% | +0.073 pp | +0.081 pp | +0.038 pp | +0.081 pp | +50.0% |
| Jul 2023 | 0.179% | -0.005 pp | -0.063 pp | -0.039 pp | +0.001 pp | +46.1% |
| Jun 2023 | 0.184% | +0.013 pp | -0.037 pp | -0.018 pp | +0.005 pp | +54.9% |
| May 2023 | 0.171% | -0.070 pp | -0.043 pp | -0.014 pp | -0.016 pp | +37.5% |
| Apr 2023 | 0.241% | +0.020 pp | +0.023 pp | +0.065 pp | +0.063 pp | +48.5% |
| Mar 2023 | 0.221% | +0.007 pp | +0.020 pp | +0.044 pp | +0.046 pp | +42.0% |
| Feb 2023 | 0.214% | -0.004 pp | +0.029 pp | +0.043 pp | +0.008 pp | +18.3% |
| Jan 2023 | 0.218% | +0.017 pp | +0.041 pp | +0.040 pp | +0.004 pp | +17.1% |
| Dec 2022 | 0.201% | +0.016 pp | +0.024 pp | +0.023 pp | -0.035 pp | -0.3% |
| Nov 2022 | 0.185% | +0.009 pp | +0.015 pp | -0.001 pp | -0.037 pp | +0.5% |
| Oct 2022 | 0.176% | -0.001 pp | -0.001 pp | -0.001 pp | -0.029 pp | +7.9% |
| Sep 2022 | 0.178% | +0.007 pp | -0.001 pp | +0.003 pp | -0.030 pp | +3.3% |
| Aug 2022 | 0.171% | -0.007 pp | -0.016 pp | -0.035 pp | -0.052 pp | -8.6% |
| Jul 2022 | 0.178% | -0.001 pp | -0.000 pp | -0.037 pp | -0.054 pp | -7.9% |
| Jun 2022 | 0.178% | -0.008 pp | +0.004 pp | -0.058 pp | -0.051 pp | -10.6% |
| May 2022 | 0.187% | +0.009 pp | -0.019 pp | -0.035 pp | -0.054 pp | -11.5% |
| Apr 2022 | 0.178% | +0.003 pp | -0.036 pp | -0.028 pp | -0.074 pp | -19.8% |
| Mar 2022 | 0.175% | -0.031 pp | -0.061 pp | -0.033 pp | +0.050 pp | -19.1% |
| Feb 2022 | 0.206% | -0.008 pp | -0.016 pp | -0.017 pp | +0.093 pp | +3.4% |
| Jan 2022 | 0.214% | -0.022 pp | +0.009 pp | -0.017 pp | +0.080 pp | +4.7% |
| Dec 2021 | 0.236% | +0.014 pp | +0.029 pp | +0.007 pp | +0.026 pp | +25.7% |
| Nov 2021 | 0.222% | +0.016 pp | -0.001 pp | -0.019 pp | -0.006 pp | +7.4% |
| Oct 2021 | 0.206% | -0.002 pp | -0.025 pp | -0.046 pp | -0.030 pp | -6.2% |
| Sep 2021 | 0.207% | -0.016 pp | -0.022 pp | +0.083 pp | +0.207 pp | -12.6% |
| Aug 2021 | 0.223% | -0.008 pp | -0.018 pp | +0.110 pp | +0.223 pp | +0.4% |
| Jul 2021 | 0.231% | +0.002 pp | -0.021 pp | +0.097 pp | +0.231 pp | +3.2% |
| Jun 2021 | 0.230% | -0.012 pp | +0.105 pp | +0.020 pp | +0.229 pp | +15.2% |
| May 2021 | 0.241% | -0.011 pp | +0.128 pp | +0.013 pp | +0.241 pp | +18.0% |
| Apr 2021 | 0.252% | +0.127 pp | +0.117 pp | +0.016 pp | +0.049 pp | +33.2% |
| Mar 2021 | 0.125% | +0.012 pp | -0.085 pp | +0.124 pp | +0.124 pp | +49.8% |
| Feb 2021 | 0.113% | -0.021 pp | -0.115 pp | +0.113 pp | +0.113 pp | +0.5% |
| Jan 2021 | 0.134% | -0.075 pp | -0.102 pp | +0.134 pp | -0.102 pp | +0.9% |
| Dec 2020 | 0.210% | -0.018 pp | +0.210 pp | +0.210 pp | -0.006 pp | +2.7% |
| Nov 2020 | 0.228% | -0.008 pp | +0.228 pp | +0.228 pp | +0.001 pp | +4.8% |
| Oct 2020 | 0.236% | +0.236 pp | +0.236 pp | +0.034 pp | +0.010 pp | +11.1% |
| Sep 2020 | 0.000% | +0.000 pp | +0.000 pp | +0.000 pp | -0.229 pp | +17.5% |
| Aug 2020 | 0.000% | +0.000 pp | +0.000 pp | +0.000 pp | -0.150 pp | +15.8% |
| Jul 2020 | 0.000% | +0.000 pp | -0.202 pp | -0.236 pp | -0.136 pp | +27.5% |
| Jun 2020 | 0.000% | -0.000 pp | +0.000 pp | -0.216 pp | -0.134 pp | +14.8% |
| May 2020 | 0.000% | -0.202 pp | +0.000 pp | -0.227 pp | -0.143 pp | +11.9% |
| Apr 2020 | 0.202% | +0.202 pp | -0.034 pp | -0.023 pp | +0.062 pp | +7.2% |
| Mar 2020 | 0.000% | -0.000 pp | -0.216 pp | -0.229 pp | -0.133 pp | -4.7% |
| Feb 2020 | 0.000% | -0.236 pp | -0.227 pp | -0.150 pp | -0.127 pp | +34.6% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.