2017 Economic Calendar
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Housing Market Index  
Released On 11/16/2017 10:00:00 AM For Nov, 2017
PriorConsensusConsensus RangeActual
Housing Market Index68 67 66  to 70 70 

Highlights
Home builders are reporting acceleration going into year-end with November's 70 reading for the housing market index the best since March. Both current and future sales are very strong, each at 77, and traffic is improving, up 2 points to 50 for its best reading since May.

The Northeast is the smallest region for home builders but its composite score this month is up very sharply to 63 and nearly matches the Midwest which is at 65. The West, at 77, and the South, at 72, are the focused regions for home builders.

Strength in this report has not translated this year to strength in actual housing data though today's results are, in general at least, favorable for tomorrow's housing starts & permits data.

Recent History Of This Indicator
After easing from very strong levels, optimism among home builders bounced back strongly in October, to a composite headline of 68 which easily beat Econoday's consensus. Current and future sales both jumped sharply though traffic, reflecting lack of first-time buyers, continued to lag in the distance. Forecasters see November's housing market index at 67.

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
 
 

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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