21.03.2012 - REITs: Is housing seeing a recovery?
The National Association of Home Builders/Wells Fargo housing market index closed at a level of 28 today, which is the highest level since June of 2007 other than last month's downward revision from 29, according to Steve Goldstein of MarketWatch. Though the index implies positive sentiment, economists polled by MarketWatch expected the level to be at 29. Economists at Goldman Sachs said, "Overall the report was only a minor disappointment, and the level of the index remains consistent with steady improvement in the single-family housing market, in our view."..............................................Full Article: Source
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