Are U.S. homebuilders partying like its 1999?

U.S. homebuilders haven’t been this giddy since 1999.
The National Association of Home Builders/Wells Fargo Housing Market Index jumped 5 points to 76, the biggest monthly increase since the end of 2017. The November figure was also revised higher.
The reading topped all estimates in a Bloomberg survey of economists that had called for 70. (FYI: Readings above 50 indicate more builders view conditions as good than poor.)
This 20-year confidence high parallels other brighter assessments of