10:00a NAHB Housing Market Index 70 actual vs 71 prior
Highlights
A slight dip doesn't disturb the rising trend for home builders who all year, after a rough end to a poor 2018, have been enjoying improving conditions. The housing market index fell back 1 point to 70 in November which, outside of October's 71, is the best showing so far this year. Six-month sales, at 77, lead components with present sales right behind at 76 and traffic still over 50 at 53, which though subdued relative to the sales components, is among the very best readings of the expansion. Today's report should confirm expectations for acceleration into year end and perhaps a second straight positive contribution from residential investment to quarterly GDP.
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.
Dan 
