Housing Market Index
Released On 12/17/2013 10:00:00 AM For Dec, 2013
Prior Consensus Consensus Range
Housing Market Index 54 55.0 53.0 to 57.0
Market Consensus before announcement
NAHB housing market index for November posted at 54 this month, unchanged from a downward revised October reading and down from a recovery peak of 58 in August. The index now has failed to show a gain for 4 straight months. But there's still plenty of strength in the 6-month outlook where the component was at 60. Present sales were also strong at 58. But judging by lack of traffic, which was well below 50 at 42, high-end buyers appear to be a driving force in sales. The traffic component has yet to break 50 this recovery.
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