NAHB housing market index
  • Prior was 50
  • Current single-family home sales 51 vs 57 prior
  • Sales over next six months 49 vs 55 prior
  • Prospective buyers 30 vs 35 prior

I'm surprised the consensus was as high as it was, given the rise in interest rates in the past six weeks. That surely has to dampen buying interest. And I'm not just saying that with the benefit of hindsight.