Recent Updates
- US: New Residential Sales, Final Building Permits (Jan)
- Belgium: Employment Indexes (Q4)
- Albania: Tourism (Jan)
- Canada: Corporate Financial Statistics (Q4)
- South Africa: Consolidated Govt Finance (2020)
- more updates...
Economy in Brief
U.S. Mortgage Applications Decline as Interest Rates Continue to Increase
The MBA Mortgage Loan Applications Index declined 11.4%...
U.S. Consumer Confidence Increases in February
The Conference Board Consumer Confidence Index increased 2.7% (-31.1% y/y) to 91.3 during February...
U.S. FHFA House Price Index Continues to Rise Markedly
The Federal Housing Finance Agency (FHFA) House Price Index increased 1.1% m/m in December...
U.S. Energy Prices Surge as Texas Freeze Limits Supply
The price of regular gasoline strengthened to $2.63 per gallon (6.8% y/y) in the week ended February 22...
EMU HICP Makes First Year-on-Year Rise since July
The EMU headline rose by 0.8% in January, its first year-on-year gain in six months...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller June 16, 2005
The National Association of Home Builders' (NAHB) Composite Housing Market Index rose to 71 in June, returning to the record high level reached last December.
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.
For the second month, all of the June index components improved. The index for current sales of single family homes was up 4.1% y/y and the index gauging expected sales in six months increased 5.3% y/y.
Traffic of prospective home buyers rose nearly to the record high level.
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.
Nat'l Association of Home Builders | June | May | June '04 | 2004 | 2003 | 2002 |
---|---|---|---|---|---|---|
Composite Housing Market Index | 71 | 70 | 68 | 68 | 64 | 61 |