Maybe This Is Why Homebuilders Are Surging?

Have you seen it?

Homebuilders had another monster week last week, and are nearly at post-crisis highs.

chart

What’s going on?

Here’s a quick survey from Citi’s Josh Levin, asking homebuilders over the past few months how business looks compared to the previous month.

chart

[credit provider=”Citi”]

Note that “the “sales worse” column has dropped to its lowest level in seven months.