The Housing Doomsayers Appear Mistaken

This morning, the National Association of Home Builders (NAHB) and Wells Fargo are set to publish their housing-market index for June. Ahead of that report, here's some context.

Over the February-to-May period, this index stayed in the 45-to-46 range, and last year in June, the reading was 51. Many had keyed in on the harsh winter weather as the primary factor behind lackluster home sales to start the year, but that rationale has been falling by the wayside over the last few months. Sure, it had an impact. How could it not? In hindsight, though -- at least in my view -- that winter weather simply added to the problem that housing had already been facing....496 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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