2015-07-20
The National Association of Home Builders (NAHB) reported its
Housing Market Index (HMI) last week. The report showed builder
confidence at its highest point since November 2005. Home builders
are in a good mood alright, and I have a good feeling about housing
too.
The NAHB's
Housing Market Index releaseshowed builder confidence in the
market for newly built, single-family homes rose to an index mark
of 60 in July. The measure marked a one-point improvement against
the initial June reading of 59, which was also revised higher to
60. Economists expected the measure to hold steady at 59, but their
forecasts were measured ranging from 58 to 61, based on Bloomberg's
survey.
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