NAHB May Housing Market Index
The NAHB has a market index of an estimate of 37 against 35. The rise in the index comes after a record drop a month earlier, while the recovery in sales and demand expectations have stabilized.
Single-family sales: 42 against 36 currently
single-family sales: future 46 against 36
traffic of buyers in perspective: 21 against 13
For the year,
The housing market index was -29 compared to -33 last month.
Single-family sales: -30 compared to -33 last month
single-family sales: Future -26 versus -35 last month
buyer traffic in perspective: -28 compared to -34 last month
As the economy reopens and restrictions are lifted, real estate activity is expected to resume. The issue is the damage done on the employment / labor side which has undermined the economies of potential buyers.
