National association of homebuilders index
• Nothing to get excited abot-but at least we got an up-tick
Average 30-year mortgage
• Continues to push towards the double top target at 4.4% but has held good support at 4.90% first time around.
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Overall:
o There are definitely some glimmers here but it is too early to get too excited although we should be watchful
o Even if we entertain the idea that a base in housing is forming there has generally been quite a lag between that and the peak in unemployment