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, sale of new homes expected in the next six months, and traffic of prospective buyers in new homes. (National Association of Home Builders/Wells Fargo) Why Investors Care
Released on 8/15/06 For Aug 2006 NAHB Housing Market Index Actual 32
Highlights The NAHB housing market index extended its dramatic fall, down to 32 in August from 39 in July. The drop is the seventh in a row and puts the index at a 15-year low -- indicating unusually negative sentiment in the housing market. Builders are reporting rising cancellations and rising inventories, and the report said they have "tempered" their outlook on the market. The report said high energy prices are hurting activity and that speculators are withdrawing from the market. Housing starts for July will be released tomorrow morning. Bonds firmed and the dollar softened in reaction to the data.
2006 Release Schedule Released On: 1/18 2/15 3/15 4/17 5/15 6/19 7/18 8/15 9/18 10/17 11/16 12/18 Released For: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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