The NAHB's latest Housing Market Index showed flat housing activity in November. The composite HMI index held at 54 while the 'buyer traffic' index slumped to a level of 42.
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.
The latest Housing Market Index (HMI) shows a flattening of most measures in March with the composite HMI index remaining unchanged at 28. The "buyer traffic" index stayed put at 22.
The latest housing market index shows that all measures increased in January, propelling the composite HMI index to its highest level since 2007