FYI: Housing is back. At least that is what the recent survey of home builder sentiment seems to be telling us. After a better than expected earnings report from Lennar (LEN) earlier in the day, Wednesday's report on home builder sentiment from the NAHB hit its highest level since November 2005. While economists were forecasting a modest increase from 55 to 56, the actual reading came in at 59. This was the fourth straight month that home builder sentiment was better than expected, which is the longest streak since last August.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/9/17/home-builder-confidence-spikes-higher.html?printerFriendly=true
