NAHB Table 081715After a horrendous Empire Manufacturing report to kick the week off, home builder sentiment for the month of August was considerably better.  Although the report from the NAHB was in-line with consensus expectations at 61, it was the best reading for the headline index since October 2005.  Likewise, both Present and Future Sales are at post-recession highs, while Traffic is right near its highs of the expansion.  In terms of how home builder sentiment breaks down on a regional basis, this month we saw a sharp decline in sentiment for the Northeast, but for all three other regions of the country sentiment showed improvement.

NAHB Charts 081715
stock ideas

Print Friendly, PDF & Email