NAHB Ignores Recent Housing Shock, Thinks The Happiest Thoughts Since 2006

Tyler Durden's picture


Homebuilder stocks are already giving back their spike gains from the surreal "if we hope it, they will buy" numbers from the NAHB on future sales expectations but we thought - given the unprecedented spike in mortgage rates, collapse in mortgage applications, and slowing home sales - that a couple of charts were in order to reflect upon the best two-month rise in 'hope' for futures sales in 22 years...

Perfectly normal... the biggest two-month rise in NAHB's future sales expectations in 22 years... and is back to its most hopeful since 2006


but we've seen these 'hope-driven' future sales evaporate very quickly before...


This time is different though of course...


Charts: Bloomberg

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