The NAHB Housing Market Index in the United States increased to a seven-month high of 66 in May of 2019 from 63 in the previous month and above market expectations of 64. The sub-index for current single-family home sales rose to 72 from 69 in April; the gauge for home sales over the next six months edged up to 72 from 71 and prospective buyers went up to 49 from 47. Nahb Housing Market Index in the United States averaged 50.33 from 1985 until 2019, 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 59.00 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 53.00 in 12 months time. In the long-term, the United States Nahb Housing Market Index is projected to trend around 51.00 in 2020, according to our econometric models.