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Homebuilders: Optimistic Like It’s 1999

NAHB reported that homebuilder sentiment hit a 20-year high in December of 2019. The Housing Market Index is based on builder survey data about current home sales, anticipated sales for the next six months, and the numbers of prospective buyers approaching the builders. An average of the three scores above 50 is considered positive, and December came in at 76. (Respective numbers in December were 84 for current sales, 79 for expected sales and 58 for prospective buyers.)

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