NAHB Housing Index Reaches 4 1/2 Year High

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NAHB Housing Index Reaches 4 1/2 Year High

This is reposted from Mortgage Market Guide.

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.



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Comments (1)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Tom - Thank you for sharing detailed quality information on NAHB housing index reaches 41/2 year high.

Jan 18, 2012 05:53 AM