U.S. home-builder sentiment likely climbed to decade high

The U.S. NAHB Housing Market Index data is scheduled to relaese today. 

Rosier appraisals of current and future sales, combined with a projected rebound in prospective buyer traffic probably pushed the National Association of Home Builders' sentiment gauge two points higher to 62 in August, which is the highest reading since October 2005, says Societe Generale. 

The bank says, if realized, the projection would be consistent with single-family building permits rising to a seasonally adjusted annual rate of 722,000 in the Census Bureau's new residential construction report.