2015 Economic Calendar
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Housing Market Index  
Released On 12/15/2015 10:00:00 AM For Dec, 2015
PriorConsensusConsensus RangeActual
Housing Market Index62 63 61  to 68 61 

Home builders are reporting strong but slowing activity, at 61 for the December housing market index vs 62 and 65 in the prior two months. Both present sales, at 66, and 6-month sales, at 67, eased in the month. Traffic, the third component and one that has lagged badly this cycle, is down 2 points at a sub-50 reading of 46. Weakness here reflects lack of first-time buyers in the new home market.

Turning to regional data, the highest composite score by far goes to the West, at an enormously strong 78, followed by the South, at 62. Two less watched regions for new homes, the Midwest and North, trail at 55 and 49.

The new home sector has been trending higher this year but has been volatile with gains often less than convincing. Housing starts in tomorrow's report for November are expected to bounce higher following a depressed October while permits, which bounced higher in October, are expected to ease.

Consensus Outlook
The housing market index has been very solid though the November report did come in well under expectations, at 62 for a 3 point loss. Both future and present sales slowed in November but not traffic which, though still lagging this cycle, has been showing new life thanks to greater interest from first-time buyers. The Econoday consensus is calling for a 1 point rebound in December to 63.

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

2015 Release Schedule
Released On: 1/202/173/164/155/186/157/168/179/1610/1911/1712/15
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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