One of the key phonemic awareness skills in teaching reading is segmenting words into their component parts. We work on segmenting compound words into 2 words, multisyllabic words into their discreet syllables, and words into their discreet sounds.
Understanding how words are built and divided is important for readers to master. Here is a 19 page compound word book for students to make, to build on their segmenting skills. The graphics are crisp and clear, and each student can take home his own compound word book.
Have fun, and keep on talking (and reading)!