June NAHB Housing Market Preview
The June NAHB Housing Market Index is expected to be unchanged from the May reading of 19. The NAHB Housing Market Index has issued readings of 19 or 20 each month since the historical low of 18 in December.
The NAHB Housing Market Index will be the first piece of housing data covering portions of June which greatly reduces forecast accuracy. Recent NAHB Housing Market data have not displayed similar month-over-month movements as has other related US housing data, though general trends in the data is indicative of further contraction going forward.
Prior Housing Market Data:
* April Existing Home Sales down 1%
* April Housing Starts up 8.2%, Building Permits up 4.9%
* April New Home Sales up 3.3%
* April Pending Home Sales up 6.3%
* Q1 US Mortgage Delinquencies up 6.35%
* MBA Mortgage Applications average 2.78% weekly decline since week ending May 9