The NAHB housing market index in the US edged up 1 point from the previous month to 84 in February 2021, beating market expectations of 83 despite rising building materials costs. The prospective buyers' sub-index climbed to 72 from 68 in January and the current single-family sub-index was unchanged at 90. Meantime, sales expectations in the next six months went down to 80 from 83. “Demand conditions remain solid due to demographics, low mortgage rates and the suburban shift to lower cost markets, but we expect to see some cooling in growth rates for residential construction in 2021 due to cost factors, supply chain issues and regulatory risks,” said NAHB chief economist Robert Dietz. source: National Association of Home Builders
Nahb Housing Market Index in the United States averaged 51.33 from 1985 until 2021, reaching an all time high of 90 in November of 2020 and a record low of 8 in January of 2009. This page provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Nahb Housing Market Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Nahb Housing Market Index in the United States is expected to be 78.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Nahb Housing Market Index in the United States to stand at 75.00 in 12 months time. In the long-term, the United States Nahb Housing Market Index is projected to trend around 63.00 in 2022, according to our econometric models.