While we’re waiting for the announcement of this morning’s housing starts numbers, here’s an interview NAHB Chief Economist David Crowe did with Marketwatch Radio yesterday about the most recent Housing Market Index.
Click the link above to hear the 6-minute interview.
The NAHB/Wells Fargo Housing Market Index (HMI) increased four points in February to 29, the highest level since April 2007. The increase marks the fifth consecutive month of an increase for a total of 15 points since recording a 14 in September 2011.
Our economics blog, Eye On Housing, gives you context for this increase. Just click the headline above for more info.