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  • Economic Calendar Terms

    NAHB housing market indx

    National Association of Home Builders
    1201 15th Street, NW
    Washington, DC 20005

    The HMI is derived from a monthly survey of builders that NAHB has been conducting for nearly 20 years. Home builders are asked to rate current sales of single-family homes and sales expectations for the next six months as "good," "fair" or "poor." They are also asked to rate traffic of prospective buyers as either "high to very high," "average" or "low to very low." Scores for responses to each component are used to calculate a seasonally adjusted overall index, where any number over 50 indicates more builders view sales conditions as good than poor.