NAHB HomeBuilders Index – Is this Good?

August 17, 2009 1:19 pm

The South is really not doing well and overall the NAHB  Homebuilders index is also suffering from total stagnation. While we are seeing a bit of improvement in the FUTURE index, the PRESENT index is stable at best. This is not what the markets are looking for at these levels. So, maybe next month…

homebuilders

U.S. Home Builders’ Aug. Index Rises to 18: Summary (Table)

By Chris Middleton
Aug. 17 (Bloomberg) — Following is a summary of U.S. housing
activity from the National Association of Home Builders/Wells Fargo.
*T
===============================================================================
Aug.          July         June         May       April       March       6 mo
2009         2009       2009        2009       2009   2009        Avg.
===============================================================================
———————–Index——————–
Housing Market Index              18     17     15     16     14      9     15
Single family sales: Present      16     16     14     14     12      8     13
Single family sales: Future       30     26     26     27     24     15     25
Prospective Buyers Traffic        16     13     13     13     13      9     13
——————Monthly Change—————-
Housing Market Index               1      2     -1      2      5      0   n/a
Single family sales: Present       0      2      0      2      4      1   n/a
Single family sales: Future        4      0     -1      3      9      0   n/a
Prospective Buyers Traffic         3      0      0      0      4     -2   n/a
——————-Yearly Change—————-
Housing Market Index               2      1     -3     -3     -6    -11   n/a
===============================================================================
Aug.        July        June         May       April         March    6 mo
2009        2009        2009        2009      2009   2009     Avg.
===============================================================================
Single family sales: Present       0      1     -3     -3     -6    -12   n/a
Single family sales: Future        6      3     -1     -1     -6    -11   n/a
Prospective Buyers Traffic         3      1     -3     -5     -6    -10   n/a
—- Prospective Buyers Traffic in New Homes —-
Regional HMI Northeast            24     16     19     19     15      8     17
Regional HMI Midwest              16     14     14     14     14      8     13
Regional HMI South                18     19     15     18     17     12     17
Regional HMI West                 17     14     15     12      8      5     12
===============================================================================
NOTE: The HMI and components are seasonally adjusted
Future refers to starts in next six months.
The survey is based on 474 builder respondents.

Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

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