Home building: An awful lot of optimism built into the spring home buying season!
This morning, the NAHB Housing Market Index, a sentiment indicator of builders, climbed to a four-year high.
Also today, Owens Corning , a force in the building materials industry (roofing, fiberglass, etc.) put up a disappointing report, with similar optimistic language: “Looking forward to 2012, we anticipate improved housing starts in the U.S. and modest growth in the global economy.”