The NAHB housing market index in the US fell for the second month to 80 in July of 2021, the lowest since August of 2020 from 81 in the previous month and below market forecasts of 82. Current sales conditions fell 1 point to 86, buyer traffic declined 6 points to 65, and sales expectations in the next six months rose 2 points to 81. "Builders continue to grapple with elevated building material prices and supply shortages, particularly the price of oriented strand board, which has skyrocketed more than 500% above its January 2020 level,” said NAHB Chairman Chuck Fowke. Still, the reading remained above 80, relatively close to a record high of 90 hit in November and way above 50 which is considered positive. source: National Association of Home Builders
Nahb Housing Market Index in the United States averaged 51.68 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 July of 2021.
Nahb Housing Market Index in the United States is expected to be 76.00 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.