September NAHB Housing Market Index: 83 vs. 78 consensus and 78 prior.
Present single family sales: 88 vs. 84 previous.
Next 6 months single family sales: 84 vs. 78 previous.
Prospective buyer traffic: 73 vs. 64 previous.
NAHB Chief Economist Robert Dietz: “Lumber prices are now up more than 170% since mid-April, adding more than $16K to the price of a typical new single-family home … That said, the suburban shift for home building is keeping builders busy, supported on the demand side by low interest rates.”
https://seekingalpha.com/news/3614608-homebuilder-confidence-hits-highest-on-record
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