Recent Updates
- Japan: CPI, Tokyo CPI (Dec)
- Philipines: Wages/Earnings (2018)
- New Zealand: PMI (Dec)
- Markit PMI: Manufacturing Survey - New Zealand (Dec)
- Belarus: IP (Dec)
- Albania: Foreign Trade (Dec, 2018)
- US: Philadelphia FRB Mfg Business Outlook Survey (Jan)
- Azerbaijan: Trade by Commodity, by Country (Dec)
- more updates...
Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
Passenger Car Registrations Hold to Low Ground in Europe
Passenger car registrations in Europe fell on a year-over-year comparison for the fourth consecutive months in December...
U.S. Import Prices Pulled Lower by Falling Oil Prices
Import prices fell 1.0% during December following a 1.8% November decline...
U.S. Home Builder Index Improves
The NAHB -Wells Fargo Composite Housing Market Index rose to 58 during January...
by Tom Moeller July 17, 2007
The Composite Housing Market Index from the National Association of Home Builders' (NAHB) fell last month to the lowest level since early 1991. At 28 for June, the index fell 6.7% from May and fell by one third from a year earlier.
During the last twenty years there has been a 76% correlation between the y/y change in the Composite Index and the change in single family housing starts.
The sub-index for current sales also fell 6.5% from May (-38.3% y/y) and the sub-index covering prospective sales in the next six months fell 4.9% m/m (-23.5% y/y).
Traffic of prospective home buyers fell 4.5% (-27.6% y/y).
The NAHB index is a diffusion index based on a survey of builders. Readings above 50 signal that more builders view conditions good than poor.
Visit the National Association of Home Builders.
| Nat'l Association of Home Builders | June | May | June '06 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|
| Composite Housing Market Index | 28 | 30 | 42 | 42 | 67 | 68 |
