2018 Economic Calendar
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Housing Market Index  
Released On 6/18/2018 10:00:00 AM For Jun, 2018
PriorConsensusConsensus RangeActual
Housing Market Index70 78 68  to 72 68 

Highlights
Acceleration is not the indication from the home builders' housing market index which, though at a high level, edged back 2 points in June to 68 which is at the bottom end of Econoday's consensus range. Current sales at 75, future sales at 76, and traffic at 50 all slipped 1 point in the month. The reading for traffic is the lowest since November and is not a good sign for the homestretch of the Spring housing season.

The West is a focused region for home builders and leads the regional breakdown followed by the South and Midwest and then the Northeast which though last has been showing improvement.

The new home market has been moving higher, both sales and permits, though indications including prices have been pointing to slowing growth. Watch for housing starts tomorrow where positive results are expected.

Consensus Outlook
Home-builder confidence has been stable at strong levels reflecting growth for new home sales and especially permits. Econoday's consensus calls for steady strength in the housing market index, unchanged at 70 in June.

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, sales of new homes expected in the next six months, and traffic of prospective buyers in new homes.  Why Investors Care
 
 

2018 Release Schedule
Released On: 1/172/153/154/165/156/187/178/159/1810/1611/1912/17
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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