The National Association of Home Builders Housing Market Index was published on Monday of this week. The NAHB publishes a housing index that is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.
We have seen a steady month over month decline from an index peak of 84 in December 2021 to 46 now in September.
Looking at the housing starts and the sales center traffic provides a forward looking view of the pipeline.
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Host: Victor Menasce
email: podcast@victorjm.com