A gauge of homebuilder sentiment rose to a 10-year high in October, a sign of momentum for a key sector of the economy.
The National Association of Home Builders housing market index climbed to 64 this month, the trade group said on Monday. A reading over 50 means most builders generally see conditions in the single-family housing market as positive.
…Alongside rising employment, low mortgage rates have helped fuel demand.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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