The homebuilding market continues to look healthy. Monday's (6/17) release of the Housing Market Index by the National Association of Home Builders (NAHB) is the latest. Each month NAHB surveys homebuilders using a few, sound questions that address visible conditions as well as homebuilders' sense of what is coming over the next six months.
The U.S. Energy Department's weekly inventory release showed a smaller-than-expected increase in natural gas supplies. However, the injection was higher than the five-year average and the year-ago rise. Therefore, despite a slight recovery, natural gas prices remained close to the lowest levels in three years because of growing fears that soaring production is outpacing demand growth.