Recent History Of This Indicator:
The new home market has been solid though the housing market index has been losing a little steam, down 4 points over two months to a still very strong 61 in December. Forecasters see the index gaining back 1 point in January to 62. Sales indications have been strong in this report though the traffic component, reflecting weak interest on the part of first-time buyers, has been noticeably lagging.
The new home market has been solid though the housing market index has been losing a little steam, down 4 points over two months to a still very strong 61 in December. Forecasters see the index gaining back 1 point in January to 62. Sales indications have been strong in this report though the traffic component, reflecting weak interest on the part of first-time buyers, has been noticeably lagging.
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