Homebuilders appear to be more optimistic, as Standard & Poor's Supercomposite Homebuilding index reached a two-year high and the National Association of Home Builders/Wells Fargo Sentiment index climbed from 14 in September to 18 in October. "One month of improvement is not enough to convince us that demand has meaningfully improved," said Wells Fargo analyst Adam Rudiger. "But we believe this month's improvement is noteworthy and increases the importance of November's release."

Related Summaries