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Housing Market Index
Released On 6/15/2009 1:00:00 PM For June, 2009
PriorActual
Housing Market Index16 15 

Highlights
Rising mortgage rates and foreclosures are strong headwinds that are holding back recovery in the housing market. The NAHB homebuilders index fell back 1 point in June to 15, a disappointment following back-to-back gains that had lifted the index from rock-bottom lows of 9 and 8 earlier in the year. Weakness in June is seen in the 6-month outlook for buying, which fell back to 26 vs. 27. Present buying is unchanged at 14 with traffic very weak but at least unchanged at 13. The NAHB says credit remains tight and buyers who want to move are having a hard time selling their existing homes. Stocks dipped to lows in immediate reaction but then edged back up. How much the economy can recover without recovery in the housing market is a central question for the outlook. Housing starts for May will be posted tomorrow.

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: 1/212/173/164/155/186/157/168/179/1610/1911/1712/15
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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