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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Builder confidence in the market for newly built, single-family homes rose three points to 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, marking a fourth consecutive monthly gain and bringing the index to its highest level in nearly eight years.
The Corker-Warner bill is a significant milestone and should get policymakers headed in that direction." BUSINESS BAROMETER CHANGES IN HOME-BUILDER SENTIMENT Builder confidence in the market for newly built, single-family homes (Scale: 0 to 100) Index July 2013 57 July 2012 51 Year-Over-Year Change: +6 points SOURCE: National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index
On the positive side on this side of the Atlantic, builder confidence in the US market for newly built, single-family homes rose three points to 44, according to a reading on the National Association of Home Builders/Wells Fargo Housing Market Index.
EDT (1400 GMT) for signs of continued improvement, with the release of the National Association of Home Builders/Wells Fargo housing market index for May.
housing market index and manufacturing data in New York both for April, as well as China's weak gross domestic product data for the January-March period, brokers said.
Separately, the National Association of Home Builders/Wells Fargo Housing Market index rose to 29 from 24 in April, topping economists' expectations for 26.
Housing Market Index (HMI) stood at 25 points for January 2012, an
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released September 20, builder confidence in the market for newly built, single-family homes is unchanged from the previous month's low levels remaining negative.
economy after the NAHB/Wells Fargo Housing Market index fell more than expected in July after a popular tax credit for homebuyers expired in April.
Derived from a monthly survey that NAHB has been conducting for more than 20 years, the Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months.
The Case Shiller Housing Index posted its third consecutive monthly gain while the US Homebuilders Housing Market Index lost five per cent in October.

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