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United States Nahb Housing Market Index

Discussion in 'Market News' started by Jonathan, Oct 20, 2015.

  1. Jonathan

    Jonathan Forum Member

    Aug 29, 2015
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    The National Association of Homebuilders' index of homebuilder confidence increased to 64 in October of 2015 from a downwardly revised 61 in September, reaching the highest reading since October of 2005. The gauge for current single-family home sales went up to 70 from 67 in the previous month and the index for home sales over the next six months rose to 75 from 65 while the index of prospective buyers remained steady at 47. Nahb Housing Market Index in the United States averaged 48.67 from 1985 until 2015, reaching an all time high of 78 in December of 1998 and a record low of 8 in January of 2009. Nahb Housing Market Index in the United States is reported by the National Association of Home Builders. NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of home builders. They are asked to rate current sales of single-family homes and sales expectations for the next six months and to rate traffic of prospective buyers. Scores for responses to each component are used to calculate a seasonally adjusted overall index, where a number over 50 indicates more builders view sales conditions as good than poor. This page provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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