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Housing Market Index

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Dictionary Says

Definition of 'Housing Market Index'

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

Investopedia explains 'Housing Market Index'

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.

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