Recent Updates

  • US: Consumer Sentiment (Jan-prelim), IP & Capacity Utilization (Dec)
  • Consumer Sentiment (Jan-prelim)
  • US: Industrial Production Detail (Dec)
  • Canada: CPI (Dec), Intl Transactions in Securities (Nov)
  • Canada Regional: CPI by Province (Dec)
  • Germany: Hotel and Restaurant Turnover (Nov), Tax Revenues (Q3)
  • Turkey: IIP, International Reserves, Foreign Trade Indexes (Nov)
  • Mexico: Manufacturing Employment (Nov)
  • Colombia: Manufacturing IP, Retail Sales (Nov)
  • more updates...

Economy in Brief

NAHB Housing Market Index Fell Again
by Tom Moeller February 16, 2005

The National Association of Home Builders' (NAHB) Composite Housing Market Index fell again in February to 68 versus 70 in January.

Only the current sales of new single family homes component fell. The index components of prospective sales and the traffic of prospective buyers were stable.

During the last twenty years, annual changes in the composite index had an 83% correlation with the change in new home sales. There's been an 86% correlation with the change in single family housing starts.

The NAHB index is a diffusion index based on a survey of builders. Readings above 50 signal that more builders view conditions as good than poor.

Visit the National Association of Home Builders using this link.

Nat'l Association of Home Builders Feb Jan Feb '04 2004 2003 2002
Composite Housing Market Index 68 70 66 68 64 61
close
large image