US NAHB
- Prior was 31
- Current sales 40 vs 36
- Next six months 37 vs 35
- Prospective buyers 23 vs 20
Shares of home builders have been on nice comeback since October. We also saw MBA mortgage applications improve in the latest data. The hint here is that a slight improvement in mortgage rates is bringing back buyers. Today US 30-year yields are down another 10 bps which is now 15 bps from the early December low.
