The NAHB Housing Market Index for the US edged up to 58 in January of 2019 from 56 in December which was the lowest reading since May of 2015 and beating market forecasts of 56. The subindex for current single-family home sales rose to 63 from 61; the gauge for home sales over the next six months went up to 64 from 61 and prospective buyers edged up to 44 from 43. Nahb Housing Market Index in the United States averaged 50.21 from 1985 until 2019, reaching an all time high of 78 in December of 1998 and a record low of 8 in January of 2009.
Nahb Housing Market Index in the United States is expected to be 66.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Nahb Housing Market Index in the United States to stand at 59.00 in 12 months time. In the long-term, the United States Nahb Housing Market Index is projected to trend around 53.00 in 2020, according to our econometric models.