- Analytics
- News and Tools
- Market News
- NAHB housing market index declines to 61 in December
NAHB housing market index declines to 61 in December
The National Association of Home Builders (NAHB) released its housing market index for the U.S. on Tuesday. The NAHB housing market index fell to 61 in December from 62 in November, missing expectations for an increase to 63.
A level above 50.0 is considered positive, below indicates a negative outlook.
The fall was driven by a decline in all three components of the index. The buyer traffic sub-index decreased to 46 in December from 48 in November, the current sales conditions sub-index fell to 66 from 67, while the sub-index measuring sales expectations in the next six months dropped to 67 from 69.
"Overall, builders are optimistic about the housing market, although they are reporting concerns with the high price of lots and labour," the NAHB Chairman Tom Woods said.
"With job creation, economic growth and growing household formations, we anticipate the housing market to continue to pick up traction as we head into 2016," the NAHB Chief Economist David Crowe said.
© 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
