About this Event:
The NAHB (National Association of Home Builders) Housing Market Index is based on a survey sent to NAHB members every month. The members receive questions regarding the general economic and housing market conditions in particular. A rating of 50 indicates that the number of good, or positive, answers received from the builders is about the same as the number of negative, or poor, responses. An index reading higher than 50 indicates that there were more positive responses.
NAHB Housing Market Index: Historical Data:
Comments about this Event:
Homebuilder sentiment in the United States edged higher in June compared to a revised reading from May. The National Association of Home Builders said their Housing market index rose by 1 point to 29 from a revised 28 (previously 29) versus consensus for 28.
The data published today showed sentiment was up at a five-year peak but the reading was still below 50, meaning conditions were still poor.