2012 Economic Calendar
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U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

Housing Market Index
Released On 2/15/2012 10:00:00 AM For Feb, 2012
PriorConsensusConsensus RangeActual
Housing Market Index25 26 25  to 28 29 

Highlights
The pace of improvement is picking up very quickly for the nation's home builders whose housing market index is up 4 points this month to 29. This is the second straight 4-point gain and the fifth gain in a row. Gains are evenly split between the three components -- current sales, future sales, buyer traffic -- and are evenly distributed by region.

The report calls the improvement that's underway the strongest yet of the recovery though the eye-catching gains in this report, which is a sentiment report, have yet to appear to the same degree in hard data. Competition from foreclosed properties as well as tight credit standards remain obstacles for the housing sector. Housing starts, where trends are improving, will be posted tomorrow while new home sales, which really haven't been gaining any steam, will be posted a week from Friday.

Market Consensus before announcement
NAHB housing market index rose 4 points in January to 25. This was the best reading in 4-1/2 years and the 4th straight gain against September's recovery low of 14. Gains swept components: present sales, future sales, traffic.

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
 

 

2012 Release Schedule
Released On: 1/182/153/194/165/156/187/178/159/1810/1611/1912/18
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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