NAHB Housing Index Reaches 4 1/2 Year High
January 18th, 2012
The National Association of Home Builders (HAHB) Housing Market
Index (HMI) rises in January to a reading of 25. This is up 4 points
from the previous December reading of 21 and marks the 4th consecutive
month of increases. The last time the HMI had a reading of 25 or more
was in June of 2007. Though moving in an encouraging direction, readings
over 50 are considered positive, a level last reached in April of 2006.
The NAHB Housing Market Index is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next 6 months as well as the traffic of prospective buyers of new homes.
The NAHB Housing Market Index is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next 6 months as well as the traffic of prospective buyers of new homes.
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