NAHB US index
- Highest since July 2023
- Prior was 48
Details:
- Single family 56 vs 52 prior
- Next six months 62 vs 60 prior
- Traffic of prospective buyers 34 vs 32 prior
Higher rates don't seem to be dissuading buyers of new homes, in part due to buy-downs and other promotions. If rates ever fall, we could have a home building boom.
Goldman Sachs was out today revising US GDP numbers higher due to stronger immigration. If home builders don't get building, there won't be enough homes.
