16
05
2008
Housing Market Index: NAHB
Last night we saw the NAHB Index published at 15 May 2008 1700 GMT or 16 May 2008 0100 local time.
The NAHB index assess the market for new single-family home sales plus builder expectations for future trends (for the US). Basically it tracks the residential real estate market in the US. The ability for families to buy their own homes is an indication of their wealth and also indication for the state of the economy in areas such as retail.
It is not an important indicator for forex traders and might be ignored.
It is published monthly by the National Association of Home Builders.
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