November NAHB builder sentiment hits 6-plus-year peak – Marketwatch


By Steve Goldstein

WASHINGTON (MarketWatch) – Home-builder sentiment climbed in November for the seventh straight month to the highest level in more than six years, according to data released Monday that shows the continued improvement in the housing market. The National Association of Home Builders/Wells Fargo housing market index rose 5 points to a seasonally adjusted level of 46, the highest point since May 2006. The gauge historically tracks closely with single-family housing starts, though of late the magnitude of gains has been stronger with the sentiment index than with the hard data.

 

Advertisements
  1. Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: