XHB - Some Good News On Housing For A Change
We’ve all grown pretty accustomed to weaker-than-expected housing data over the last several months, but on Tuesday morning we got some positive news, as homebuilder sentiment not only improved in February but also came in higher than expected. According to the NAHB, homebuilder sentiment improved from 58 up to 62 and was three points ahead of consensus expectations. For some perspective, the last time homebuilder sentiment saw a m/m increase of four points was in December 2017.
The table below breaks down this month’s report by present and future sales (both increased), traffic (increased),