- Analytics
- News and Tools
- Market News
- NAHB housing market index remains unchanged at 58 in May
NAHB housing market index remains unchanged at 58 in May
The National Association of Home Builders (NAHB) released its housing market index for the U.S. on Monday. The NAHB housing market index remained unchanged at 58 in May, missing expectations for an increase to 59.
A level above 50.0 is considered positive, below indicates a negative outlook.
The buyer traffic sub-index remained unchanged at 44 in May, the current sales conditions sub-index remained unchanged at 63, while the sub-index measuring sales expectations in the next six months increased to 65 from 62.
"Builder confidence has held steady at 58 for four straight months, which indicates that the single-family housing sector remains in positive territory," the NAHB Chairman Ed Brady.
"The fact that future sales expectations rose slightly this month shows that builders are confident that the market will continue to strengthen. Job creation, low mortgage interest rates and pent-up demand will also spur growth in the single-family housing sector moving forward," the NAHB Chief Economist Robert Dietz 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
