November NAHB Housing Market Index At 16

November 16th, 2010 by Belisarius

(For October 2010)

Housing Market Index for November was reported at 16 vs. 15 in October (revised from 16). Consensus was at 17. Future component leading the index higher. Negative report; no improvements on the horizon as I believe future expectations components is overstated compared with traffic of perspective buyers component.

Chart 1. NAHB / Wells Fargo Housing Market Index


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