- The National Association of Home Builders’ index jumped a whopping five points to 74 this month vs. expectations for just a one point gain to 70.
- The news suggests home builders are looking past any restrictions on the mortgage interest deduction in the new tax bill, and instead focused on tax cuts and eased regulatory relief. The NAHB this weekend said it was in full support of the coming reform.
Source: Stephen Alpher, Seeking Alpha, December 18, 2017.