Homebuilder Blues: NAHB / Wells Fargo Ratings, December 2009

Includes: ITB, XHB
by: Sold At The Top

Yesterday, the National Association of Homebuilders (NAHB) released its latest Housing Market Index (HMI) showing generally flat results.

It's important to recognize that although each sentiment index has now shown notable year-over-year increases, their levels still remain near the worst levels seen in over 20 years.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.

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