NAHB Housing Market Index Gives Positive Signal of Future The National Association of Home Builders (NAHB) Housing Market Index had its biggest jump in 11 years Monday morning, reaching its highest level in 7 years. It came in at 52, which is positive territory. This emphasizes the housing market’s strength and continued strength into the future. Remember, this is a forward looking number and it also underscores tight levels of inventory, which has helped push home prices higher. Tomorrow we will get Housing Starts, and many in the media will look for an immediate correlation. However, it’s important to remember that actual construction starts will lag builder’s sentiment. So, let’s not become too concerned if tomorrow’s Housing Starts number is not as robust as today’s sentiment number. A look at the chart to the right shows the upward trend in the NAHB Housing Market Index.
Posted on: Thu, 20 Jun 2013 17:56:58 +0000
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