Tim Rood wrote an interesting post today on
Here’s a quick excerpt
Builders of new single family homes
continue to grow more confident about the market for their product according to
the National Association of Home Builders (NAHB)/Wells Fargo Housing Market survey
for December. The Housing Market Index
(HMI) derived from the survey rose two points to 47 marking the eighth
consecutive monthly gain and the highest level for the index since April 2006.
The HPI and its component indices are
based on responses of NAHB’s home builder members to a series of questions on new
home sales activity. They are asked to
gauge the current level of single family home sales and their expectation for
sales over the next six months each on a scale of “good,”
“fair” or “poor” and to rate traffic of prospective buyers
as “high to very high,” “average” or “low to very
low.”
…(read more)
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Read the rest of this great post here