Thursday, December 15, 2016

Home Builders’ Confidence Rises to Highest Level in 11 Years

Austrian-lites, who hold the odd view that we are now in a recession, are pounded once more.

U.S. builders’ confidence in the market for single-family homes jumped in December to the highest level in more than a decade, when the sector was near its precrisis peak.

The National Association of Home Builders reports its housing-market index rose to 70 in December, from a reading of 63 the prior month. This month’s reading was the highest level since July 2005. A number over 50 indicates more builders view conditions as good than poor.

This is not what a recession looks like.


(via WSJ)

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