2012 Economic Calendar
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Housing Market Index  
Released On 8/15/2012 10:00:00 AM For Aug, 2012
PriorConsensusConsensus RangeActual
Housing Market Index35 35 32  to 38 37 

Home builders continue to report significant improvement in activity with the housing market index rising another 2 points this month to 37. This is the fourth straight month of significant improvement that puts the index at its best level since early 2007.

Current sales and traffic show the strongest gains of the report's three components. The monthly gain for six-month sales is incremental but the level is the highest of all components. Sending a mixed signal is the regional breakdown with the Midwest and South showing gains vs declines for the Northeast and West.

Today's report points to strength for new home sales, a report that has been trending higher and, like this report, is a bright spot in housing data. The Dow is moving to opening highs following today's report.

Consensus Outlook
NAHB housing market index surged 6 points in July to 35. The monthly gain was 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.

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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