NAHB housing market index rose to 58.0 in November

Market news

18 November 2014

NAHB housing market index rose to 58.0 in November

The National Association of Home Builders (NAHB) released its housing market index for the U.S. today. The NAHB housing market index rose to 58.0 in November from 54.0 in October, exceeding expectations for a rise to 55.0.

A level above 50.0 is considered positive, below indicates a negative outlook.

The NAHB Chairman Kevin Kelly said that the increase was supported by growing confidence among consumers.

November’s Reserve Bank of Australia monetary policy meeting: GDP growth will be below trend over 2014/15

U.S.: NAHB Housing Market Index, November 58 (forecast 55)

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