Monday, June 16, 2008

NAHB Conference Call for Housing Market Index

by Bill McBride on 6/16/2008 12:03:00 PM

National Association of Home Builders (NAHB) CEO Jerry Howard and Chief Economist David Seiders will announce the June Housing Market Index (HMI) results during the teleconference to representatives from the media and other interested parties on Monday at 1:00 p.m. Howard will focus on the policy side and will discuss the importance of passing economic stimulus legislation, while Seiders will analyze the June HMI numbers and explain how they fit into his overall housing forecast.

Members of the media will be given the opportunity to ask questions at the conclusion of the call. A press release and related data charts will also be released following the call, and will be posted at

To participate in the call, please dial 1-800-860-2442 (toll-free) and ask for the "NAHB Housing Market Index Call."

If you are unable to participate in the teleconference, you may listen to a full replay of the call after the teleconference has concluded by calling 877-344-7529 and entering 420480 followed by the # sign when prompted for the account number. The replay will be accessible beginning at 4:00pm ET on June 16, and will available until 9:00am ET on July 1.

I don't know why they are holding a conference call. I doubt it's because builder confidence has improved - or why would they be pleading for help from Congress?