The NAHB Housing Market Index for the US slumped to 60 in November of 2018 from 68 in October and well below market expectations of 67. It is the lowest reading since August of 2016. The subindex for current single-family home sales fell to 67 from 74; the gauge for home sales over the next six months went down to 65 from 75 and prospective buyers slipped to 45 from 53. Nahb Housing Market Index in the United States averaged 50.17 from 1985 until 2018, reaching an all time high of 78 in December of 1998 and a record low of 8 in January of 2009.
Nahb Housing Market Index in the United States is expected to be 68.00 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 65.00 in 12 months time. In the long-term, the United States Nahb Housing Market Index is projected to trend around 53.00 in 2020, according to our econometric models.