The NAHB Housing Market Index, which is a real-time read on builder confidence, was reported for October. The index improved nicely from 68 to 71. This was much higher than expectations of 68 and the best reading since February of 2018. Breaking down the report - Current sales increased 3 points to 78, Buyer Traffic increased by 4 points to 54, and Sales Expectations were up 6 point to 76. All of the components were higher, including Buyer Traffic remaining above 50. Any reading above 50 signals expansion.