2018 Economic Calendar
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Housing Market Index  
Released On 10/16/2018 10:00:00 AM For Oct, 2018
PriorConsensusConsensus RangeActual
Housing Market Index67 67 65  to 67 68 

Optimism among the nation's home builders has been flat but is picking up this month, to 68 for October's housing market index and a 1 point gain from September. This is the first rise in the index since July.

October's improvement is led by a 4 point rise in traffic to 53 for the best score since February. Readings on present sales and also 6-month sales both gained 1 point, to 74 and 75 respectively.

By region, the West is out in front with a 3-month composite average of 74 followed by the South at 71 with both the Midwest and also now the Northeast, which has been coming on strong, at 57.

New home sales have been flat this year but have been doing better than resales which have been edging lower. Today's results hint perhaps at year-end momentum for residential investment.

Consensus Outlook
Weakness in traffic, the result of high home prices and general lack of interest in home buying, has held down the housing market index which isn't expected to show any acceleration in October. Econoday's consensus is 67 vs 67 in both September and August which were the lowest readings since September last year.

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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