Homebuilder sentiment spikes 7 points, Trump has them feeling fantastic

[truth_seeker]

Homebuilder sentiment spikes 7 points, Trump has them feeling fantastic

Call it the Trump rally in homebuilding — not the stocks, but the sentiment of the builders themselves.

A monthly reading of homebuilder confidence spiked 7 points in December, its first measure done after the presidential election.

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 70, the highest level since July 2005. Fifty is the line between positive and negative sentiment. The index has not jumped by this much in one month in 20 years. It stood at 60 one year ago.

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http://www.cnbc.com/2016/12/15/homebuilder-sentiment-spikes-7-points-trump-has-them-feeling-fantastic.html

[truth_seeker]

Homebuilder sentiment UP even in the face of interest rate increases.

After dropping some yesterday on FRB interest news, market opened back UP this morning, pushing towards 20,000.

[geronl]

Liberalism is all about emotions

Trump hasn't done anything, he isn't even sworn in yet.