Housing market shows improvement in September

The National Association of Home Builders' Housing Market Index rose notably in September, but housing market conditions still remain fairly distressed by historic standards.

By , Guest blogger

  • close
    This chart tracks the National Association of Home Builders' Housing Market Index over the past two decades. The Housing Market Index climbed to 40 in September.
    View Caption

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI)showing an notable improvement in September with the composite HMI index rising to 40 while the "buyer traffic" index climbed to 31, a level not seen since May 2006.

While all indicators have made truly spectacular improvements this year, it's important to note that conditions still remain fairly distressed by historic standards.

Although, looking at the data, it is fairly clear that the last few months of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic. 

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Share this story:
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...