Saturday , 20 September 2014
REEW Launches New Site! - Latest Articles:
Home » Housing Data » Archives » Housing Market Index (NAHB) June 09

Housing Market Index (NAHB) June 09

(June 15, 2009 Release)


• The housing market index fell by 1 point in June to 15 from a 16 registered in May.
• The June index of 15 is 3 points below the 18 index of a year ago; but is 27 percent above its 6 month average.
• The buyer traffic index heald steady at 13 in June.
• Homebuilder expectations over the next 6 months fell 1 point to 26 compared to a May index of 27.

NAHB Housing Market Index
Jun 09 Mayl 09 3 mo Avg 6 mo Avg
Housing Market Index 15 16 15.0 11.8
Northeast 20 19 18.0 13.3
Midwest 15 14 14.3 10.8
South 15 18 16.7 14.2
West 14 12 11.3 8.0
Single Family Sales
Present 14 14 13.3 10.2
Next 6 months 26 27 25.7 20.1
Buyer Traffic 13 13 13.0 11.2

Source: National Association of Home Builders


The housing market index is a leading indicator of future new home sales. The June numbers were disappointing for the building industry and may reflect an upward movement in mortgage rates during the past month. The indices for all of the categories in the survey are still well below year ago levels. The index appears to have bottomed in January at 8. However, the June index remains at a relatively low level and a downside still remains due to the economic recession, mounting job losses, rising mortgage rates and tight credit conditions. An excess inventory of homes and mounting foreclosures also continue to keep builder optimism at bay. We will need to see several upticks of the housing market index before laying claim that the homebuilding industry is on the road to recovery.

One comment

  1. Very nice article. It’s sad to think the huosing market it is such bad shape from the gov. bailing up the two top mortgaging companies. But Keep up the great posts, they are very informative! Following for sure.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>