The usual spate of monthly reports on new home sales, existing home
sales, housing starts, and builder confidence were all released recently.
Taken together they do little to clarify the state of the housing
market.
First out was the National Association of Home
Builders/Wells Fargo Housing Market Index (HMI) for June. This index
results from a survey of builder attitudes that NAHB has
been conducting since the mid-1980s.
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