The NAHB Housing Market Index in the United States increased to a six-month high of 63 in April of 2019 from 62 in each of the previous two months and in line with market expectations. The sub-index for current single-family home sales rose to 69 from 68 in March and that for prospective buyers went up to 47 from 44. Meanwhile, the gauge measuring home sales over the next six months edged down to 71 from 72. Nahb Housing Market Index in the United States averaged 50.30 from 1985 until 2019, reaching an all time high of 78 in December of 1998 and a record low of 8 in January of 2009.
Nahb Housing Market Index in the United States is expected to be 59.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Nahb Housing Market Index in the United States to stand at 53.00 in 12 months time. In the long-term, the United States Nahb Housing Market Index is projected to trend around 51.00 in 2020, according to our econometric models.