Highlights
Though moving from a low base, activity in the new home sector is picking up dramatically based at least on the home builders' housing market index which is up 4 points this month to 25. This is the best reading in 4-1/2 years and the 4th straight gain against September's recovery low of 14.

Gains sweep components: present sales, future sales, traffic. Gains also sweep regions led by the Northeast but with the Midwest lagging.

The housing sector is beginning to show life with this indicator signaling the greatest strength. The Dow is moving to opening highs following release of today's report. Next data on the new home sector will be tomorrow with housing starts & permits and then late next week with new home sales.

Market Consensus before announcement
NAHB housing market index rose two points in December to 21 for its best reading since May last year when government efforts were stimulating buying (November revised to 19). And for the first time since mid-2009, the index has posted three consecutive gains. Home builders are reporting more interest from potential buyers, reflected in a big three point jump in the traffic component to 18. This component was at 11 as recently as September.

2012 Release Schedule

Released On: 1/18 2/15 3/19 4/16 5/15 6/18 7/17 8/15 9/18 10/16 11/19 12/18 Release For: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec