US October NAHB home builder sentiment 43 vs 42 expected

• Prior was 41
• Current sales 47 vs 45 prior
• Prospective sales 29 vs 27 prior
• Home sales over the next six months 57 vs 53 prior

I’m surprised at the improvement given rising yields and mortgage rates but this is another sign of the strength of the US economy and an impressive one. US 30-year yields are up 40 bps from the September low and that’s working its way into fixed rates.

This article was written by Adam Button at www.forexlive.com.