Looking Back at September
Overall, the economy is doing well. There does seem to be one spot that we would like to focus on this month
: The Housing Market
Looking at the data on Housing for the month of September, it appears to be taking a different direction from the rest of the economy. One of the readings that indicates caution is the NAHB/Wells Fargo Housing Market Index (HMI). The latest reading in August was 67, but the high last December was 74. This is a survey of homebuilders and their confidence in the housing market. When this is down it usually means fewer builders are beginning new projects.