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Home > Homebuilder Confidence Jumps To 10 Year Highs As Lumber Prices, New Home Sales Slump

Homebuilder Confidence Jumps To 10 Year Highs As Lumber Prices, New Home Sales Slump

By Tyler Durden
Created 08/17/2015 - 09:06
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 08/17/2015 09:06 -0500



 

NAHB Sentiment jumped to 61 - the highest since 2005 - despite weakening new home sales and collapsing lumber prices. Housing Starts also remain tepid (especially compared to 2005 levels) but hope springs eternal for an industry almost 100% reliant on hope. Prospective buyer traffic rose 2 points as Northeast saw a drop as West and South saw modest increases.

10 Year highs!!!

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And then again there is this...

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And this...

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Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-08-17/homebuilder-confidence-jumps-10-year-highs-lumber-prices-new-home-sales-slump

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