Seeking Alpha

NAHB Housing Market Index: 37 vs. 35 expected, 35 previous. Components reflecting current sales...

NAHB Housing Market Index: 37 vs. 35 expected, 35 previous. Components reflecting current sales conditions/traffic, and 6-month expectations all rose to their highest levels in 5 years. Builders, however, are frustrated with (in their view!) inaccurate appraisals and difficult access to credit for homebuyers.
Comments (3)
  • bbro
    , contributor
    Comments (9319) | Send Message
     
    Number corresponds well to single family housing starts....which y-o-y housing starts remains strong(momentum wise)....which is a leading indicator...
    15 Aug 2012, 10:04 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Make sure you are not confusing single family with Apartments...apartments are booming.....single family ....not much
    15 Aug 2012, 10:08 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Let me get this straight. On one hand home builders are confident, with sales of single family home bottom crawling, and on the other, they are complaining about banks not lending money to buy their newly built homes? Sounds like they are either on the verge of an inventory problem or else they are confident but not building - which would account for low completion rates (not premits). If only...if only.
    15 Aug 2012, 12:09 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|