The NAHB Housing Market Index in the United States increased slightly to 68 in September 2019 from an upwardly revised 67 in the previous month and beating market expectations of 66. The sub-index for current single-family rose to 75 from 73 in August and the sub-index for prospective buyers held steady at 50; while the gauge for home sales over the next six months edged down to 70 from 71. Nahb Housing Market Index in the United States averaged 50.48 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 62.00 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.