Homebuilder Confidence Index Numbers: The Good And Bad
The headline Homebuilder Confidence Index (HMI) ticked up this month from 44 in May 2013 to 45 this year. All three sub-indices (present conditions, traffic, six-month outlook) were also up year-on-year, but only six-month outlook has increased sequentially and the National Association of Homebuilders (which compiles the index) sees reason for concern.
“May's confidence . . .
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