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The NAHB/Wells Fargo Housing Market Index (2007 - Current)

NAHB produces the Housing Market Index (HMI), a weighted, seasonally adjusted statistic derived from ratings for present single-family sales, single-family sales in the next six months and buyers traffic. The first two components are measured on a scale of "good" "fair," and "poor," and the last one is measured on a scale of "high," "average," and "low."

A rating of 50 indicates that the number of positive or good responses received from the builders is about the same as the number of negative or poor responses. Ratings higher than 50 indicate more positive or good responses.

Housing Market Index 
(Seasonally Adjusted)

2008 2009
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
20 19 18 16 16 17 14 9 9 8 9 9 14 16 15 17 18 19 17 17

Housing Market Index Components
(Seasonally Adjusted)

2008 2009
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

Single-Family Sales: Present

18 17 17 15 16 17 14 9 8 6 7 8 12 14 14 16 16 18 17 17

Single-Family Sales: Next 6 Months

30 28 27 23 24 28 19 18 16 17 15 15 24 27 26 26 30 29 26 28

Traffic of Prospective Buyers

19 18 16 12 13 14 11 7 7 8 11 9 13 13 13 13 16 17 13 13

Source: NAHB/Wells Fargo, Builders' Economic Council (BEC) Monthly Surveys

NOTE:Revised data for Oct. '09 and Preliminary data for Nov. '09

Also, see our NAHB Press Releases on the Housing Market Index for the latest HMI news.


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