2012 Economic Calendar
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Housing Market Index  
Released On 4/16/2012 10:00:00 AM For Apr, 2012
PriorConsensusConsensus RangeActual
Housing Market Index28 29 27  to 31 25 

After seven months of straight gains, the home builders' housing market index fell back, down three points to 25. All three components are down this month with the greatest decline, in what is a clearly negative indication, coming in buyer traffic.

Prior gains in this report unfortunately did not signal actual improvement in sales of new homes, a factor that should limit any conclusions on weakness in the latest report. But the decline does underscore the disappointing pace of home sales overall, both new and existing. The Dow is moving off opening highs following today's data. Next data on housing will be tomorrow with March housing starts.

Consensus Outlook
The NAHB housing market index in March was unchanged at 28 with three of four regions, West the exception, reporting gains. The six-month component was up two points 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 was 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 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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