Homebuilder Optimism Collapses
by Tyler Durden
ZeroHedge.com
Mon, 12/17/2018
Upton Sinclair once noted: “It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
But at some point, as Mike Tyson opined “someone punches you in the face.”
And it appears from the latest NAHB Sentiment Index that homebuilders in America just got ‘punched in the face’.
For the second month in a row, homebuilder optimism crashed amid broad-based declines across sales, expectations and buyer traffic (down 4 to 56 and well below the 60 print expected) as hope begins to collapse back to the housing market’s reality…
The Rest…HERE
