housing optimism up

[Doug Henwood]

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 
>slightly.