NAHB Index Reaches a Nine-Month High

NAHB Index Reaches a Nine-Month High

The NAHB/Wells Fargo builder sentiment index rose to 59 in June from 54 in May. The consensus forecast among economists was 56. The strong reading seems to be reflective of the busy spring selling season and a brighter economic outlook. Readings greater than 50 indicate positive sentiment among homebuilders.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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