Monday, October 19, 2009
Although the NAHB index of homebuilders ticked down in October, the index remains substantially higher than last summer's lows. Furthermore, the prices of homebuilder stocks are up an average of 140% from their lows of last November. All of this continues to confirm that the bottom in residential construction occurred a few months ago and that activity should start improving soon.
Posted by Scott Grannis at 11:37 AM