US home builder sentiment for October
- Prior was 68
- Single family homes 78 vs 75 prior
- Index of sales over the next six months 76 vs 71 prior
- Prospective buyers 54 vs 50 prior
The NAHB index has captured the trend in mortgage rates. It bottomed after the December 2018 Fed hike and has been climbing as the Fed turned neutral and then began to cut rates.
