NAHB housing market index declined to 57.0 in December

Market news

15 December 2014

NAHB housing market index declined to 57.0 in December

The National Association of Home Builders (NAHB) released its housing market index for the U.S. today. The NAHB housing market index fell to 57.0 in December from 58.0 in November, missing expectations for a rise to 59.0.

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

The NAHB Chairman Kevin Kelly said that businesses of builders have improved. He added that the NAHB expects builders to remain confident next year.

NY Fed Empire State manufacturing index: the first negative reading since January 2013

U.S.: NAHB Housing Market Index, December 57 (forecast 59)

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