Paper Economy
A Blog dedicated to tracking economic trends and financial matters.
Monday, June 18, 2012
Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings June 2012
Today, the
National Association of Home Builders
(NAHB) released their
latest Housing Market Index (HMI)
showing an overall improvement in June with the composite HMI index rising to 29 while the "buyer traffic" index went flat at 23.
While all indicators have made notable increases as of late, it's important to note that conditions still remain distressed by historic standards though, the last few months results appears to indicate a major change in the builder sentiment.
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