2012 Economic Calendar
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Housing Market Index
Released On 7/17/2012 10:00:00 AM For Jul, 2012
PriorConsensusConsensus RangeActual
Housing Market Index29 30 29  to 32 35 

Highlights
The housing market "has turned the corner" according to the nation's home builders whose housing market index surged 6 points in July to 35. The monthly gain is the largest in nearly 10 years while the level, which has been moving higher all year, is now at its highest of the recovery, since March 2007. All regions report gains with strength centered in sales six months out.

This report, coming from deep lows last year, has been one of the very strongest out of this year's housing sector. Actual sales of new homes have been choppy this year while sales of existing homes have been no better than flat. Purchase applications for mortgages have also been flat while housing starts have been uneven. Watch for updates on both of these readings on tomorrow's calendar.

Market Consensus before announcement
The NAHB housing market index in June rose 1 point to 29 from a revised 28 in May. Current sales of new homes were at their highest level of the recovery, according to the single-family sales component from the June home builders' report. The component was up 2 points this month to a recovery high of 32.

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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