2012 Economic Calendar
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Housing Market Index
Released On 9/18/2012 10:00:00 AM For Sep, 2012
PriorConsensusConsensus RangeActual
Housing Market Index37 38 35  to 40 40 

Highlights
Builder confidence in the new home market continues its strong improvement, up three points to 40 on the housing market index for September. This is the fifth straight gain and lifts the index to a five-year high. An optimistic outlook is now the dominant factor lifting the index as six-month sales expectations are up a big eight points to 51. The component for current sales, at 42, is up a solid four points in the month. Lagging is traffic, up only one point to 31 in a hint that buyers who are looking are serious. Top concerns among builders include tight conditions in the credit market and a lack of building lots. Housing news tomorrow will lead off with housing starts & permits followed by existing home sales.

Recent History Of This Indicator
NAHB housing market index in August rose another 2 points to 37. This was 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.

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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