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NAHB: Housing activity falls in February

Housing activity declined slightly in February, according to the National Association of Home Builders' latest Housing Market Index.

By Guest blogger / February 19, 2013

The National Association of Home Builders' composite Housing Market Index fell to 46 in February 2013.

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Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI)showing that assesments of housing activity declined slightly in February with the composite HMI index falling to 46 while the "buyer traffic" index fell more notably to 32.

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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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It's important to note that February showed a flattening of sorts to future expectations, a development that is worth noting as the new home market moves through it's most active months at the start of the year (see Bob Tolls explanation for January - early spring being the new home markets most active period annually).

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. 

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