We assume Hovnanian's CEO was not asked as part of this survey. NAHB's Sentiment index jumped the most in 2 years to its highest since November 2005. Everything in every cohort rose exuberantly on the heels of a pick up in sales. We have little color to add to this aside to note rates have been rising and just exactly what use is a self-referential confidence survey for an industry (more than any other) that is wholly reliant on confidence for its future revenue growth?
Great another bubble in homebuilder optimism...
[3]
Seems like Hombuilders are a lot more confident that the buying climate of their customers...
[4]
Charts: Bloomberg
