housing optimism up

Doug Henwood dhenwood at panix.com
Mon Dec 16 11:02:45 PST 2002

All you waiting for the U.S. housing bubble (if it's a bubble) to burst (if it's going to burst), you're going to have to wait a little longer:

At 1:10 PM -0500 12/16/02, The Dismal Scientist wrote:

>The NAHB Housing Market Index for United States economic release has
>been updated.
>NAHB Housing Market Index for United States (65)
>The strong pace of new home sales is driving up buildersí optimism.
>The NAHB index is up to 65, its highest point in about two years.
>The present situation index is particularly strong. Low mortgage
>rates and improving consumer sentiment are likely behind the
>strength in current conditions. The outlook, however, has slipped

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