Homebuilder blues: June's Housing Market Index numbers are in
While all indicators have made notable increases as of late, as indicated by the latest Housing Market Index numbers, conditions still remain distressed by historic standards, even as the industry starts to again see signs of life.
This chart shows the latest Housing Market Index (HMI), charted over the past twenty years, showing an overall improvement in June with the composite HMI index rising to 29.
SoldAtTheTop
Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing an overall improvement in June with the composite HMI index rising to 29 while the "buyer traffic" index went flat at 23.
While all indicators have made notable increases as of late, it's important to note that conditions still remain distressed by historic standards though, the last few months results appears to indicate a major change in the builder sentiment.