FYI: Treasury yields have started to move higher from the record low levels reached in August, but sentiment among homebuilders remains strong as even at these levels interest rates are making housing much more affordable. The latest release of sentiment from the National Association of Homebuilders (NAHB) came in stronger than expected, rising from 67 up to 68 versus estimates for a reading of 66. At the current level of 68, sentiment is the highest it has been since last October, just before the market swooned in Q4.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/homebuilder-sentiment-reaches-11-month-high
