FYI: We’ve seen a lot of improvement in economic data over the last several weeks, but December’s reading on homebuilder sentiment may have taken the cake. While economists were forecasting this month’s reading to come in unchanged from November’s reading of 63, the actual reading surged to 70. That’s the highest reading since July 2005, and it’s tied for the second largest beat relative to expectations going back to 2003.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/homebuilder-sentiment-surges-to-a-10year-high/
