Seeking Alpha's Markos Kaminis takes the pulse of the home building sector:


  • Home builder sentiment topped out in October, and after edging down into February, it has remained at the same level for four straight months.
  • We have documented the reason for followers, believing it to be due to a negative feedback loop that led stock market decline to impact consumer behavior in early 2016.
  • However, there have been "green shoots" since, with April data including that for Retail Sales last week and Leading Economic Indicators Thursday, both showing healthy growth.
  • Even within this seemingly stagnant report on homebuilder sentiment, builders indicated much-improved expectations for the next six months' sales activity.
  • I believe it all adds up to a healthy growth outlook for housing.
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