The NAHB Housing Market Index in the United States was unchanged at 62 in March 2019, the and below market consensus of 63. The index component that tracks views of current sales conditions increased to 68 from 66 in February; the gauge of home sales over the next six months advanced to 71 from 68 while the measure of buyer traffic fell to 44 from 48. Nahb Housing Market Index in the United States averaged 50.24 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.