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US August NAHB housing market index 35 vs 33 expected

investinglive.com · 1h · first reportShare

Prior was 34 Details: Current single family home sales 39 versus 37 in July Home sales over next 6 months 43 versus 43 in July Index of prospective buyers 23 versus 23 in July US 30-year yields hit a fresh cycle high today so that's not going to help the housing market. The economy continues to tick along so consumers may eventually get used to +6% mortgages as that's not something that's going away any time soon. Overall, these numbers are in a deep recession and it's a part of the economy that's in terrible shape despite the uptick this month. This article was written by Adam Button at investinglive.com.