NAHB Housing Market Index is a monthly Index released by The National Association of Home Builders (NAHB), which measures the level of home sales. Higher than expected reading are positive for the US dollar reflecting a strong housing market and a positive future economic outlook. The Index can show variability in its readings both for seasonality reasons, but also reflecting the strength of the housing market as well.
The United States NAHB Housing Market Index
The United States NAHB Housing Market Index latest reading for the month of July was 64.0, which was lower than the forecast estimate of 67.0 and the previous reading of 66.0.This is the lowest reading in the past 8 months. For the 1st semester of 2017 the Index had a peak price of 71.0 in March. The latest reading is the second consecutive decrease for the 1st semester of 2017. Historically the United States NAHB Housing Market Index has a long-term average reading of 49.44 for the period of years 1985-2017. The Index had an all-time high reading of 78 during December of 1988, and an all-time low reading of 8 in January of 2009.
