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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

By Guest blogger / January 19, 2012

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.

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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.

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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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.

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