Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here Comes Homebuilder Confidence...

Mamta BadkarDec 17, 2013, 20:06 IST

REUTERS/Mike Blake

The NAHB housing market index, a measuring of homebuilder confidence, is out at 10 a.m. ET.

Economists polled by Bloomberg are looking for homebuilder confidence to rise to 55, from 54 the previous month.

New home sales surged 25.4% in October but this just takes sales back to the pace seen in the first six months of the year.

Meanwhile, homebuilder sentiment has been decoupling from reality as housing starts have failed to keep up.