The NAHB/Wells Fargo Housing Market index passed the tipping point of 50 this month to top out at 52, the highest level since April 2006 and the largest monthly increase since 2002. The renewed confidence was spread across all three components, with the expectation for the next 6 months rising to 61, the highest in seven years.
The index compares the share of builders who believe the market is better with those who believe it is poor. The index flipping over ...
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