March 2017 US NAHB housing market index 15 March 2017
Prior 65
- Current conditions 78 vs 71 prior
- Expectations 78 vs 73 prior
- Prospective buyers 54 vs 46 prior
Just a pip short of the highs last seen in 2005. Another feather in the cap for the Fed in the housing sector.
"Builders are buoyed by President Trump's actions on regulatory reform, particularly his recent executive order to rescind or revise the waters of the U.S. rule that impacts permitting," said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.
"While builders are clearly confident, we expect some moderation in the index moving forward," said NAHB Chief Economist Robert Dietz. "Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor."
US NAHB housing index
