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Why American Homebuilders Are Confident about Industry

Ricky Cove
Why American Homebuilders Are Confident about Industry

The National Association of Home Builders (or NAHB) consists of 700 state and local associations of home builders (REM), real estate sales and marketing professionals, and remodelers. The Housing Market Index (or HMI) is based on a monthly survey of its members. The survey mostly relates to builders in the single-family housing market (ITB) and asks its participants to rate the current conditions and expected conditions in the next six months as “good,” “fair,” or “poor.” The report also rates traffic from prospective buyers as “high to very high,” “average,” or “low to very low” for new homes.