Economists polled by Bloomberg are looking for homebuilder confidence to hold steady at 57. This is the highest reading since January 2006.
A reading over 50 shows that more builders think sales conditions are good rather than poor.
Investors track this index because it is a leading indicator for housing starts. Though some like Paul Diggle at Capital Economics argue that NAHB has a "history of over-exuberance as a predictor of starts."