Seeking Alpha

Homebuilder confidence at highest since January

  • "Builders are seeing a noticeable increase in the number of serious buyers entering the market,” says NAHB Chairman Kevin Kelly, after his firm's Housing Market Index rises to 55 this month. Challenges still remain, he adds, noting tight credit, and shortages of finished lots and labor.
  • The HMI's three sub-components all rose in August, with the current sales conditions and expectations for future sales gauges each ahead by two points to 58 and 65, respectively. The gauge of traffic for prospective buyers added three points to 42.
  • ITB +1.8%, XHB +1.6%
Comments (2)
  • BruceInKY
    , contributor
    Comments (433) | Send Message
     
    The NAHB's confidence would seem to be at odds with GE's desire to unburden itself of the Appliance division.
    18 Aug, 11:10 AM Reply Like
  • caupachow
    , contributor
    Comments (415) | Send Message
     
    "Homebuilder's using the most drugs since January." is how the headline should read.
    18 Aug, 06:07 PM Reply Like
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