Tuesday, November 17, 2009

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings November 2009

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing generally flat results.

It's important to recognize that although each sentiment index has now shown year-over-year increases, their levels still remain near the worst levels seen in over 20 years.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.