2018 Economic Calendar
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Housing Market Index  
Released On 9/18/2018 10:00:00 AM For Sep, 2018
PriorConsensusConsensus RangeActual
Housing Market Index67 67 66  to 70 67 

Highlights
Confidence among the nation's home builders remains at a yearlong low, at 67 in today's report for September vs 67 in August. These are the lowest readings since September last year.

Traffic is the weak link in this report, holding at 49 which is the softest showing since October last year. Lack of affordability and general lack of interest in home buying, especially among first-time buyers, are negative factors for traffic. But sales indications are very solid, up 1 point to 74 for current sales and up 2 points for future sales which are also at 74.

The rise in sales may give a needed boost to forecasts for the new home sales report but the overall lack of punch in this report won't be further boosting expectations for tomorrow's housing starts and permits data where bounce-back strength from recently depressed levels is the expectation.

Consensus Outlook
Held down by lack of construction workers as well as high construction costs, the housing market index is not expected to show much strength. Econoday's consensus is 67 for September which would be unchanged from August which was the lowest reading since September last year.

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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