Saturday, August 24, 2013
As of 10:00:00 ET on 08/15/2013
Derived from a monthly survey that NAHM has been conducting for more than 20 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good”, “fair” or “poor”. The survey also asks builders to rate traffic of prospective buyers as high to very high, average or low to very low. Scores from each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
Posted by Joel Salus at 5:59 AM