Homebuilder confidence is up again, but the headline does not tell the real story. Please consider Homebuilder confidence at 2-1/2 year high in May The NAHB/Wells Fargo Housing Market index increased three points to 22, the highest since August 2007, the group said in a statement. It was the second straight month of gains in the index. In addition to the tax credit, builders were also cheered by growing evidence that economy’s recovery from the longest and deepest recession since the 1930s was …

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Homebuilder Confidence at 2 1/2 Year High Yet Still in the Gutter; Huckster Hype Returns to Las Vegas