Good signs for housing market in December

The housing market showed continued improvement in December with the National Association of Home Builders' latest Housing Market Index rising to 47.

By , Guest blogger

  • close
    This graph shows the National Association of Home Builders' Housing Market Index since 1992. Conditions still remain fairly distressed by historic standards, according to SoldAtTheTop.
    View Caption

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing continued improvement in December with the composite HMI index rising to 47 while the "buyer traffic" index improved to 36, a level not seen since early 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, reduced inventory and a more balanced monthly supply. 

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...