US NAHB housing market index
- Prior was 37
Details:
- Single family 48 vs 41 prior
- Next six months 57 vs 45 prior
- Traffic of prospective buyers 29 vs 24 prior
This is the largest jump in 11 months and speaks to the pent-up demand for US homes. I expect housing to be a major tailwind to the US economy for the remainder of the decade.