by Calculated Risk on 1/17/2007 12:59:00 PM

From NAHB: Builder Confidence Improves in January

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Excerpts:

The HMI increased from an upwardly revised 33 in December to 35 in January, its highest level since July of 2006.
...
Two out of three component indexes registered improvement in January. The index gauging current single-family home sales and the index gauging traffic of prospective buyers each gained three points, to 36 and 26 respectively, while the index gauging sales expectations for the next six months remained unchanged at 49.

Meanwhile, three out of four regions surveyed in the HMI posted gains in January. Two-point gains were registered in the Northeast, Midwest and South, to 39, 24 and 41, respectively. The HMI for the West remained unchanged from the previous month at 32.