US June NAHB housing market index 60 vs 59 expected

Details of the June NAHN housing market index:

• Five month high
• Prior was 58 (unrevised)
• Single-family sales 64 vs 63 prior
• Prospective buyers 47 vs 44 prior
• Sales over the next six months 70 vs 65

The results are upbeat but housing alone isn't going to be enough to get the US economy out of the 2% rut.

The NAHB survey measures home builder sentiment.