2012 Economic Calendar
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Housing Market Index  
Released On 3/19/2012 10:00:00 AM For Mar, 2012
PriorPrior RevisedConsensusConsensus RangeActual
Housing Market Index29 28 30 29  to 33 28 

A solid rise in future sales points to rising optimism among US home builders. The six-month component from the National Association of Home Builders is up two points this month to 36, which is more than double the extremely depressed level of 17 in September and 15 level back in June. The assessment of the current market is less upbeat this month, with the component down one point to a 29 level that, however, is also more than double the level back in September.

The report's headline composite index is unchanged at 28 (prior revised) with three of four regions, West the exception, reporting gains so far this month. But any reading below 50 indicates that conditions are poor, a reminder that credit conditions remain tight and that distressed properties are hurting home builders. Yet the trend for this report is very definitely moving in the right direction. There's little initial reaction in the market to the results which however are a reminder that the housing sector is on the mend. Tomorrow, data on housing starts will be posted.

Consensus Outlook
NAHB housing market index February rose 4 points to 29. This was the second straight 4-point gain and the fifth gain in a row. Gains were evenly split between the three components -- current sales, future sales, buyer traffic -- and are evenly distributed by region.

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, sales 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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