Housing Market Index

What does it Mean? An index of over 300 home builders, which shows the demand for new homes. The index runs from 0-100, so a rating of 50 would mean that demand for new homes was average.
 
Investopedia Says... This index is used in conjunction with the latest "housing starts" figure to forecast demand for new homes. The forecast is then used as an indicator of economic growth.

Terms Related Links

Housing Starts
Housing Units
Investment Real Estate
Mortgage
National Association Of Mortgage Brokers - NAMB
Property Derivative
Tenement

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