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Housing Market Index

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Housing Market Index
An index of more than 300 home building companies measuring demand for the construction of new homes. The housing market index goes from 0 to 100, with a measure over 50 meaning that demand for new homes is rising. This is considered an indicator of the state of the real estate and construction markets.


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The Case Shiller Housing Index posted its third consecutive monthly gain while the US Homebuilders Housing Market Index lost five per cent in October.
The first was the Housing Market Index, which measures the sentiment or confidence of home-builders.
Builder confidence in the market for newly built, single-family homes notched up two points in July to its highest level since September 2008, according to the just released National Association of Home Builders/ Wells Fargo Housing Market Index (HMI).
 
 
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