With just weeks away from the expiration of the home buying tax credit, the April NAHB homebuilder sentiment index was 3 pts better than expected at 19 and up 4 pts from March. It’s at the highest level since Sept. Most of the gain was led by the Present condition component which rose 5 pts. Future expectations were up just 1 pt and likely reflects the uncertainty of what will happen to demand when the tax credit expires. Prospective Buyers Traffic rose 4 pts to 14 with gains in the South and Midwest. The Northeast was flat and the West saw a decline of 2 pts.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.