In a report, NAHB said that NAHB Housing Market Index rose to 65, from 59 in the preceding month. Keynesian econometrician forecasters expected a move tp only 60.
This is not what a recession looks like.
Monday, September 19, 2016
BOOM Housing Market Index Rockets; Matches Highest Level Since 2005
The National Association of Home Builders/Wells Fargo housing market index rocketed last month.
In a report, NAHB said that NAHB Housing Market Index rose to 65, from 59 in the preceding month. Keynesian econometrician forecasters expected a move tp only 60.
-RW
In a report, NAHB said that NAHB Housing Market Index rose to 65, from 59 in the preceding month. Keynesian econometrician forecasters expected a move tp only 60.
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Pretty good. Now be a good boy, and keep us informed, Wenzel. Let us know when the M2 slows down so that Austrian-know-it-all can let the rest of us know the bust is coming.
ReplyDeleteLaw of small numbers - new home sales are at 1960's 70's levels despite the 60pct increase in population. The "housing recovery" is in price not sales
ReplyDeleteexactly....
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