USA NAHB Housing Market Index

Description

Released on a monthly basis by the National Association of Home Builders (NAHB), the Housing Market Index measures sentiment toward the single-family housing market in the United States. The index is derived from a survey of the NAHB’s 140,000+ members, who are asked to rate the market conditions for new home sales over the next six months.
Latest Release: 15-12-2014 15:00:00
Next Release: 16-10-2013 14:00:00
Source:National Association of Home Builde...

US housing starts and building permits moderated more than expected in August, tempering expectations for a broad pick-up in residential real estate activity.

Groundbreaking for new homes declined 14.4 percent in August to a seasonally adjusted annual rate of 956,000, following a downwardly revised gain of 1.117 million the previous month, the Commerce Department reported today in Washington. Economists forecast housing starts to decline to 1.04 million. Compared to August 2013, housing starts were up 8 percent.

Starts for single-family homes, which represent the largest segment of the market, declined 2.4 percent to 643,000.

Privately-owned housing completions rose in August, advancing 3.2 percent to a seasonally adjusted annual rate 892,000. Year-on-year, completions in this category were up 16.9 percent.

Groundbreaking declined in all four US regions last month, led by a 24.7 percent drop in the West that was the largest since November 2012.

Building permits - a gauge of residential building intentions – declined 5.6 percent in August to a seasonally adjusted annual pace of 998,000, following a revised 1.057 million pace the previous month. Economists forecast a fall to 1.045 million. Single-family authorizations declined 0.8 percent to a seasonally adjusted annual rate of 626,000.

The housing recovery has shown signs of life in recent...