Homebuilder Blues: NAHB / Wells Fargo Homebuilder Ratings February 2010

Includes: ITB, XHB
by: Sold At The Top

Tuesday, the National Association of Home Builders (NAHB) released their latest Housing Market Index (NYSE:HMI) showing generally flat results for all measures.

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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