2018 Economic Calendar
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Housing Market Index  
Released On 7/17/2018 10:00:00 AM For Jul, 2018
PriorConsensusConsensus RangeActual
Housing Market Index68 68 68  to 70 68 

Highlights
The housing market index is unchanged in the July report at 68, a strong level but still down from the low 70s posted earlier this year and as recently as May. The lack of acceleration in this index belies what have been solid gains in new home sales and also housing starts and permits. The report notes that the high cost for construction materials is a negative for home builders.

Component readings show current sales unchanged at a very strong 74 and with future sales at 73 for, however, a 2-point dip. Traffic continues to lag but is still over 50 at 52. Regional data show the West out in front at a 3-month average of 75 with the South at 70. The Midwest is at 65 and the Northeast at 57.

Consensus Outlook
Home-builder confidence is expected to hold unchanged in July at a consensus 68. Readings in this report have been cooling this year though gains in new home sales have been strong.

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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