- Analytics
- News and Tools
- Market News
- NAHB housing market index jumps to 59 in June
NAHB housing market index jumps to 59 in June
The National Association of Home Builders (NAHB) released its housing market index for the U.S. on Monday. The NAHB housing market index jumped to 59 in June from 54 in May. It was the highest level since September 2014.
Analysts had expected the index to rise to 56.
A level above 50.0 is considered positive, below indicates a negative outlook.
The increase was driven by a rise in all three components of the index. The current sales conditions subindex rose seven points to 65 in June, the subindex measuring sales expectations in the next six months climbed six points to 69, while the buyer traffic subindex was up five points to 44.
"Builders are reporting more serious and committed buyers at their job sites and this is reflected in recent government data showing that new-home sales and single-family construction are gaining momentum," the NAHB Chairman Tom Woods said.
The NAHB Chief Economist David Crowe noted that current and future sales expectations subindices indicate the housing market will continue to strengthen in the coming months.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
