Homebuilder Optimism Soars To Highest Since 1999… There’s Just One Thing

Homebuilder sentiment is at an 18-year high because crypto-hodlers can afford homes now
— Mark Constantine (@vexmark) December 18, 2017

And so it appears that America’s homebuilders – cock-a-hoop over tax reform (which caps the mortgage interest deduction?) – aren’t concerned about affordability, about rising rates, and stagnant incomes. In fact they have not been this optimistic since December 1999.

This post was published at Zero Hedge on Dec 18, 2017.