The Homebuilder Confidence Jump Is Foreshadowing A Huge Boost To GDP

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, November 19, 2012 The Homebuilder Confidence Jump Is Foreshadowing A Huge Boost To GDP The big economic datapoint of the day? Homebuilder Sentiment jumped to its highest level since 2006, hitting a reading of 46. This is potentially a big deal. On Twitter, @pawelmorski reprises this chart from DB's Torsten Slok, comparing NAHB homebuilder sentiment with Residential Construction's contribution to GDP (with a 12-month lag). Given the surge in sentiment, if the pattern continues, espect to see homebuilding make a monster contribution to the economy. Read » Also On Money Game Today: Why Markets Surged In One Paragraph MARKETS STAGE GIGANTIC GLOBAL RALLY: Here's What You Need To Know Advertisement CHART OF THE DAY: A Huge Part Of The Fiscal Cliff Is Something That's Barely Being Talked About CHART OF THE DAY: The Timing Of The Market Selloff Is Particularly Cruel For Hedge Funds CHART OF THE DAY: Why The US Economy Is In Way Better Shape Than The UK Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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