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

  • close
    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.
    View Caption
  • About video ads
    View Caption

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.

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.

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


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.