NAHB Housing Market
Forex News: NAHB Housing Market index comes in at 20
Posted by Greg Michalowski on Tue, 04/15/2008 - 12:04pm in
This is as expected. Unchanged from last month (the index has been at 20 for 3 straight months). Levels below 50 indicate conditions are poor or negative.
The news is only good in that the number is expected. The housing market continues to suffer from a glut of homes for sale and increasing foreclosures which are keeping buyers at bay. With the spring sale season starting, the prospects are still not good for a rebound soon. Prices will still need to come down.
Economic Calendar
