Housing Still Soft.

Housing Market Index (May 2015)

 

– Index 54. Previous was 56.

 
This is a survey index of members of the  National Association of Home Builders.  It asks their view of both the overall economy as well as housing market conditions. The ultimate measure of the health of the market is Housing Starts. The fact is that 8 years after the decline in the housing market started we are not even at 2/3’rds the level of 1,500,000 which is needed to accommodate population growth and scrapped units.