2018 Economic Calendar
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Housing Market Index  
Released On 5/15/2018 10:00:00 AM For May, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Housing Market Index69 68 69 69  to 71 70 

Highlights
Sentiment among the nation's home builders is strong and moving higher this month, to an index level of 70 vs a downwardly revised 68 in April. May's index got a lift from present sales which rose 2 points to 76 while 6-month sales held unchanged at 77. Traffic is unchanged for a third month in a row at 51, a modest level reflecting a continued lack of first-time buyers. Regional composite data have the West out in front followed by the South and Midwest with the Northeast lagging but still growing. The new home market looks to be the continued center of strength for the housing sector. Watch tomorrow for housing starts and permits in data for April.

Consensus Outlook
Home-builder confidence has been leveling in contrast to new home sales and permits which are both accelerating. Econoday's consensus calls for no change in the housing market index, in what would match April's 69 which was a 5-month low.

Definition
The National Association of Home Builders produces a housing market index based on a survey in which respondents from this organization are asked to rate the general economy and housing market conditions. The housing market index is a weighted average of separate diffusion indexes: present sales of new homes, sales of new homes expected in the next six months, and traffic of prospective buyers in new homes.  Why Investors Care
 
 

2018 Release Schedule
Released On: 1/172/153/154/165/156/187/178/159/1810/1611/1912/17
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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