The NAHB Housing numbers were released this morning and it came in better than expected with a reading of 37 versus expectations of 35. Last month the reading was 35.
The components that give readings on current sales conditions/traffic and expectations rose to their highest level in 5 years.
There was one interested note that the builders are frustrated with inaccurate appraisals and continued difficulty to credit for potential home buyers. This is what happens after a bubble bursts - the extremes flip.
After the numbers the iShares U.S. Home Construction ETF ($ITB) is up 0.25%.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
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