Econoday Economic Report: Housing Market Index April 15, 2009

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Housing Market Index

Released On 4/15/2009 1:00:00 PM For April, 2009

	Prior	Actual
Housing Market Index	9	14

Highlights
Extending a run of improving housing data, the homebuilders' housing market index shot up 5 points to 14 in April, the biggest gain in six years and the best level since October. All components showed improvement especially single-family purchases six months out. Demand for homes is getting a boost from low prices, low mortgage rates, and an $8,000 first-time buyer credit. The report said April's jump suggests that the housing depression is at or near the bottom. There was no significant reaction, at least initially, to the report. Housing starts will be released tomorrow morning.

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. Why Investors Care

2009 Release Schedule

Released On: 1/21 2/17 3/16 4/15 5/18 6/15 7/16 8/17 9/16 10/19 11/17 12/15

Release For: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec