Econoday Report: Housing Market Index August 17, 2009

2009 Economic Calendar

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Housing Market Index

Released on 8/17/2009 1:00:00 PM For August, 2009

	Prior	Actual
Housing Market Index	17	18

Highlights
The home builders' housing market index edged higher in August, up 1 point to 18 but still deeply depressed. Yet the number is an improvement and the best reading since June last year. Traffic is up as are expectations for future buying which is getting a boost from first-time home buyer tax credits. Current buying, however, is showing no improvement. Markets showed no significant reaction to the report. Housing starts will be posted tomorrow at 8:30 ET.

Definition
The National Association of Home Builders produces a housing market index based on a survey in which respondents from this organization are asked to rate the general economy and housing market conditions. The housing market index is a weighted average of separate diffusion indexes: present sales of new homes, sale of new homes expected in the next six months, and traffic of prospective buyers in new homes. Why Investors Care

2009 Release Schedule

Released On: 1/21 2/17 3/16 4/15 5/18 6/15 7/16 8/17 9/16 10/19 11/17 12/15

Released For: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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