HomeBuilders

[mlkrborn]

HMI

Reported by the National Association of Home Builders (NAHB), the Housing Market Index (HMI) is not a data point economists generally forecast, and so we have no consensus forecast to prepare you with. The report considers homebuilder feelings on the current situation and future prospects for the next six months. Last month's data showed builder confidence declined for the third consecutive month in August, with the HMI falling a point to a level of 13. It was the lowest level reported by the NAHB since March of 2009, not coincidentally the low point for the stock market.