The NAHB housing market index in the US extended losses for an 11th straight month to 33 in November of 2022 from 38 in October and below forecasts of 36. It is the lowest reading since 2012 excluding the immediate onset of the pandemic. Current sales conditions declined to 39 from 45, sales expectations in the next six months went down to 31 from 35, and traffic of prospective buyers fell 5 points to 20. "Higher interest rates have significantly weakened demand for new homes as buyer traffic is becoming increasingly scarce", NAHB Chairman Jerry Konter said. source: National Association of Home Builders
Nahb Housing Market Index in the United States averaged 52.22 from 1985 until 2022, reaching an all time high of 90.00 in November of 2020 and a record low of 8.00 in January of 2009. This page provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Nahb Housing Market Index - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Nahb Housing Market Index in the United States is expected to be 32.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nahb Housing Market Index is projected to trend around 70.00 in 2023 and 72.00 in 2024, according to our econometric models.