NAHB Index Rises to Highest Level in Decade
The NAHB/Wells Fargo homebuilder sentiment index rose to 61 in August, representing the highest level in almost a decade. This is the highest level since November 2005. The index was at 60 over the prior two months. Any reading above 50 indicates positive sentiment on the part of the homebuilders.
About author
You might also like
Sunbelt to Lead Homebuilder Growth
States with sunny climates, including California, are expected to drive homebuilder growth next year according to various homebuilding analysts. With job growth that is outperforming the market and overall greater
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
Toll Doubles Profit in 3Q 2104, Stock Drops?
Although the current quarter was a strong one for Toll primarily due to its ability to compress overhead and selling expenses, the stock took a hit as a result of
