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Home Builders Skyrocket As Sentiment Grows Markedly Less Depressed

January 19, 2012

Home Builders Skyrocket As Sentiment Grows Markedly Less Depressed

(Exert from the Wall Street Journal online on Jan 18, 2012.  Written by Mark Gangloff) Well, it only took about 7 years, but home builders seem to be once again on the upswing. The NAHB this morning said its index of home builder sentiment jumped 4 points to 25, which is still extremely low — 50 is considered breakeven, and the index topped out above 70 back in the good old bubble days. But that is the highest sentiment reading since June 2007.
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