Closed-End Fund Commentaries
Apr 27, 2017
Click here to access The Rebound in Homebuilder Sentiment has Outpaced the Rebound in Homebuilder Stocks
View from the Observation Deck
1. Today's post shows that the homebuilding industry has essentially recovered from its downturn with respect to homebuilder sentiment, but valuation levels of homebuilder stocks still reflect a deep discount to their peak in 2005.
2. The National Association of Home Builders Market Index (SA) measures builder sentiment. An index reading above 50 indicates that sentiment is positive.