Monitor the US NAHB Housing Market Index, a key indicator of economic health reflecting home sales outlook.
A reading above 50 suggests a positive outlook for home sales, while a reading below 50 indicates a negative outlook.
What it Measures
This is a diffusion index level derived from surveys of home builders.
Usual Effect
When the 'Actual' number exceeds the 'Forecast', it typically benefits the currency.
Source & Frequency
NAHB (latest release) - https://www.nahb.org/ • Data is released monthly, usually around the middle of each month.
How Data is Derived
Survey of about 900 home builders which asks respondents to rate the relative level of current and future single-family home sales
Also Known As
NAHB/Wells Fargo Housing Market Index
Acronym
National Association of Home Builders (NAHB)