by Bill McBride on 11/16/2016 10:08:00 AM
Wednesday, November 16, 2016
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 63 in November, unchanged from 63 in October. Any number above 50 indicates that more builders view sales conditions as good than poor.
This graph show the NAHB index since Jan 1985.
This was at the consensus forecast of 63, and is another solid reading.
Click on graph for larger image.