The report said the nahb/wells fargo housing market index dropped to 64 in September from a downwardly revised 67 in August. Economists had expected the housing market index to edge down to 67 from.
Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 67 reading in September. a monthly survey that NAHB has been conducting for 30 years, the.
The National Association of home builders (nahb)/wells fargo housing market index (HMI) for June fell 2 points to an index score of 64. The May index had gained. were expecting a boost to a reading.
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The Housing market index (hmi) 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 six months as well as the traffic of prospective buyers of new homes.
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The National Association of Home Builders (NAHB) Housing Market Index (HMI) rates the relative level of current and future single-family home sales. The data is compiled from a survey of around.
The National Association of Home Builders (NAHB) produces the Housing Market Index (HMI) every month to gauge builder sentiment regarding the dem and side of the single-family housing market in the US. Over the past few years, the HMI has been used increasingly by Wall Street firms, the Federal Reserve and other government officials, and various economic analysts, as well as by the news media.
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NAHB/Wells Fargo US Housing Market Index is at a current level of 64.00, down from 66.00 last month and down from 68.00 one year ago. This is a change of -3.03% from last month and -5.88% from one year ago.
The US housing market has stalled in the past few months, although it is still in good health. The same could be said for US shares and despite the recent tech dip, valuations are so high US indices could be heading for a fall. The Turkish lira was also supposed to fall flat, but has defied projections and gone from strength to strength.