2017 Economic Calendar
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Housing Market Index  
Released On 10/17/2017 10:00:00 AM For Oct, 2017
PriorConsensusConsensus RangeActual
Housing Market Index64 64 63  to 66 68 

Optimism among home builders, which has been easing slightly from very strong levels, bounced back strongly in October, to a composite headline of 68 which is 4 points above both August and Econoday's consensus. Strength is led by future sales, up 5 points to 78, with current sales at 75 for what is also a 5 point gain. Traffic, however, continues to remain below breakeven 50, at 48 for a 1 point gain but still reflecting lack of participation from first-time buyers.

Hurricane effects have not been prominent in this report though the South did show some weakness in September. For October, the South popped 4 points higher to a composite score of 69 which is next in strength only to the West which, though dipping 3 points, is at 76 in a reminder that this region is a key focus for home builders. The Midwest is also strong at 65 while the Northeast lags far back as always at 50.

Sales of new homes were very strong at the outset of the year but have faded since though housing permits have been coming alive in recent months. This report, much like other measurements of economic confidence, has been very solid this year and is pointing to a possible year-end uplift for new housing.

Consensus Outlook
Optimism among home builders eased noticeably in September though hurricane effects were hard to identify. Current sales dipped as did traffic which has been stubbornly weak through the whole expansion and reflecting lack of interest among first-time buyers. Forecasters see the housing market index holding unchanged at 64 in October.

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

2017 Release Schedule
Released On: 1/182/153/154/175/156/157/188/159/1810/1711/1612/18
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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