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Housing Market Index
Released On 10/19/2009 1:00:00 PM For October, 2009
PriorActual
Housing Market Index19 18 

Highlights
The pending expiration of the $8,000 first-time buyer credit made for a disappointing 1 point dip in the October housing market index to 18, according to the National Association of Home Builders (NAHB). All components dipped in the latest report especially traffic which fell 3 points to 14. The results hint at a step back for housing which had been on the rebound thanks to government stimulus. The NAHB along with the National Association of Realtors are urging the administration to extend the first-time buyer program another year. Stocks are edging lower following the results but are still solidly higher on the session. Housing starts for September 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: 1/212/173/164/155/186/157/168/179/1610/1911/1712/15
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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