The NAHB Housing Market Index in the United States fell to 64 in June 2019 from a seven-month high of 66 in the previous month, missing market expectations of 67. The sub-index for current single-family home edged down to 71 from 72 in May; the gauge for home sales over the next six months declined to 70 from 72; and the sub-index for prospective buyers dropped to 48 from 49. Nahb Housing Market Index in the United States averaged 50.37 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 65.00 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 61.00 in 12 months time. In the long-term, the United States Nahb Housing Market Index is projected to trend around 58.00 in 2020, according to our econometric models.