The NAHB housing market index in the US increased to an all-time high of 90 in November 2020 from 85 in the previous month, and above market forecasts of 85. The housing market has been supported by record-low mortgage rates and higher demand for suburban houses as people are moving away from big cities due to the coronavirus pandemic. The current single-family sub-index increased to 96 from 90 and the gauge for home sales over the next six months went up to 89 from 88. The prospective buyers sub-index rose to 77 from 74. source: National Association of Home Builders
Nahb Housing Market Index in the United States averaged 51.10 from 1985 until 2020, reaching an all time high of 90 in November of 2020 and a record low of 8 in January of 2009. This page provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Nahb Housing Market Index - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Nahb Housing Market Index in the United States is expected to be 85.00 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 70.00 in 12 months time. In the long-term, the United States Nahb Housing Market Index is projected to trend around 75.00 in 2021 and 63.00 in 2022, according to our econometric models.