Keep in mind these numbers almost always end up being revised – and typically for worse.

Even still, month-to-month is insignificant no matter what it is, and builder confidence in the west is down.

It seems like the media is starting to push “it’s a good time to buy”, buyer’s market, etc. Their logic may be okay, but I think it’s safe to say anything bought today will be worth less in a year, 2years, and IMO 3, 4, and 5 years from now. Maybe more.