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More on NAHB: "Builder confidence increased by solid margins in every region of the country...

More on NAHB: "Builder confidence increased by solid margins in every region of the country in July," says NAHB chair Barry Rutenberg. The news is particularly encouraging given other parts of the economy have begun to soften, says chief economist David Crowe. The XHB gets a pop on the strong report, but remains lower by 0.8%.
Comments (6)
  • I would not trust anything this guys comes out with....his job is to make a market ...to make commissions...he needs to hype the market up to sell houses...that is all
    17 Jul 2012, 10:29 AM Reply Like
  • Confidence is not something the mouthpieces for NAHB or the realtor groups are ever lacking. Facts are another story sometimes, but "confidence" they have in buckets.
    17 Jul 2012, 10:36 AM Reply Like
  • There is a correlation between the Homebuilder index and single family housing starts but why let data shape your opinions....
    17 Jul 2012, 12:44 PM Reply Like
  • Looking to short the XHB and IYR at some point.........
    17 Jul 2012, 12:47 PM Reply Like
  • "The XHB gets a pop on the news but is lower by 1%."

     

    What does that mean, exactly?
    17 Jul 2012, 03:06 PM Reply Like
  • ?

     

    It was down more than that before the news hit, hence the "pop" to down 0.8% (not sure where your 1% is coming from).
    17 Jul 2012, 05:06 PM Reply Like
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