Last week, the NAHB (National Association of Home Builders) released their monthly survey of Home builder’s expectations …. Market participants expected a reading of 60 ….
The actual reading was 72 !
Wow…. our chart is a month delayed due to copyright restrictions, but you can easily see the almost complete bounce back…
While we are reviewing Home Builders sentiment…. here is a longer term chart worth reviewing….
Note these guys were WELL ahead of the pending slowdown of 07-09 …
They began getting cold feet in 2006 !
This slowdown is likely not going to show force in the residential asset area.
Oh…. all time low Mortgage Rates are also helping!
Here is a link to thorough thoughts for Refinancing!
Have a Great “Stable Residential Assets” Day!
John A. Kvale CFA, CFP
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