Sentiment survey from the National Association of Home Builders:

  • Prior was 65
  • Was at 68 a year ago
  • Prospective buyers 50 vs 48
  • Current single-family home sales 73 vs 71
  • Index of home sales over the next six months 70 vs 71

A big thing to watch in the months ahead is US housing. The US consumer is very strong at the moment and rates are much lower. In theory, that's the perfect tonic for house price rises but there's zero evidence it's happening.