Skip to footer

Finally, some good news for the housing market

The latest housing market index shows that all measures increased in January, propelling the composite HMI index to its highest level since 2007

|
SoldAtTheTop
This chart shows the annual change in the Housing Market Index (HMI) over the past two decades. All measures that make up the HMI increased in January 2012.

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that all measures increased in January with the composite HMI index climbing to 25, the highest level seen since mid-2007, while the "buyer traffic" index climbed to 21.

While all indicators made notable increases in January, it's important to note that conditions still remain distressed by historic standards.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
Subscribe
QR Code to Finally, some good news for the housing market
Read this article in
https://www.csmonitor.com/Business/Paper-Economy/2012/0119/Finally-some-good-news-for-the-housing-market
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe