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NAHB housing market index for May 37 is up from 30 last month and a 35 estimate. For the year it is -29 from -33 last month.

US HMI May 2020

The move suggests stabilization after last month's record dump.

For May

  • For May Single-family sales present 42 vs. 36
  • Single-family sales:Future 46 vs. 36
  • Prospective buyers traffic: 21 vs. 13

For The Year

  • For the year, The housing market index is -29 vs. -33 last month.
  • Single-family sales: present -30 vs. -33 last month
  • single-family sales: Future -26 vs. -35 last month
  • Prospective buyers traffic: -28 vs. -34 last month

US HMI May 2020 Breakdown

The big question is after the lockdown eases and the economy reopens how much damage has been done with the massive unemployment and wealth erosion.

About NAHB/Wells Fargo Housing Market Index (HMI)

Based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

Source: NAHB

From The TradersCommunity News Desk

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