THE BASIS POINT

Home Builder Confidence Falls Slightly.

 

Housing Market Index (July 2016)

– Housing Market Index 59. Previous was 60.

This is derived from a survey conducted by The National Association of Home Builders. It takes into account present sales of new homes, sale of new homes expected in the next six months, and traffic of prospective buyers in new homes. This should be a leading indicator on New Home Sales.

 

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