2018 Economic Calendar
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Housing Market Index  
Released On 2/15/2018 10:00:00 AM For Feb, 2018
PriorConsensusConsensus RangeActual
Housing Market Index72 72 70  to 73 72 

Extremely upbeat is the continuing description of home-builder confidence, at an as-expected 72 in February. Traffic remains the highlight, steady at 54 which is very strong for this reading and which suggests that first-time buyers are coming into the market. Assessments of current and future sales remain unusually strong, at 79 and 78 respectively. Regional strength is led by the West followed closely by both the South and Midwest. And though the Northeast lags, it's showing increasing strength. Capacity is the welcome challenge for builders and the new home market as the supply of homes continues to lag demand.

Consensus Outlook
Visible improvement in customer traffic has been giving a boost to the housing market index which is near expansion highs. Sales readings in this report, both current and expectations, have been very strong and accelerating and have correctly signaled the upturn underway for new home sales. Econoday's February consensus calls for steady strength, unchanged at 72.

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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