Summary
The monthly index was up 1.2% for the month, 5.6% for the Trailing 12 Months (TTM), and 16.5% over the last 36 months. Contributing to this continued forward momentum was the very strong NAHB/Wells Fargo Housing Market Index, which was up 7.0% for the month and adding dramatically to the TTM with a 9.0% gain. In addition, the industry stocks continue their march forward after taking a pause for some profit taking and are all making 52-week highs once again, realizing a 9.9% gain for the month, and 42.3% for the TTM. These two metrics bolstered the steady-to-slightly-ahead metrics of all the other indices that make up the balance of the algorithm.
