Talking Points …
- The National Association of Home Builders/Wells Fargo Housing Market Index continued its steady rise in September with a one point increase to a level of 62, thereby reflecting an increase in optimism among the nation’s homebuilders.
- This new reading is the highest since November 2005. “NAHB is projecting about 1.1 million total housing starts this year,” said NAHB Chief Economist David Crowe.
- The index measuring buyer traffic increased two points to 47, and the component gauging current sales conditions rose one point to 67.