NAHB Housing Market Index

The NAHB Housing Market Index rose 5 points in November to another record high of 90. Current Sales increased 6 points to 96, Sales Expectations increased by 1 point to 89, and Buyer Traffic rose 3 points to 77. Remember, a reading above 50 indicates expansion. Being that the index is 1-100, confidence can’t get much higher - Builders are clearly feeling very strongly about housing.