James Chen, CMT, is an expert trader, investment advisor and global market strategist. The National Association of Home Builders is a federation of more than 700 state and local associations with 140,000 members. About a third are home builders and remodelers, and the rest are professionals in related fields, such as mortgage financing and the supply of building materials. NAHB builders represent about 80% of new homes built in the U.S.
UU. If you believe you have been discriminated against on the basis of race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. One such measure is to file a complaint with the Consumer Financial Protection Office or the U.S. Department of Housing and Urban Development (HUD).
Then, each resulting index is seasonally adjusted and weighted to generate the HMI. The weights are. The weightings were chosen based on historical data to maximize the correlation between HMI and housing construction over the next six months. The HMI shows a close correlation with single-family home construction in the U.S.
Department of State, which measures the number of privately owned homes where construction began in a given month. Housing construction is a key economic indicator and the report is presented monthly by the United States. As an indicator of homebuilders' confidence, the HMI provides valuable clues about the short-term direction of home construction. The HMI is released at 10 in the morning (Eastern Time), usually the eleventh business day of the month, which is the day before the release of housing construction data by the Census Bureau. The NAHB also provides forecasts, analysis of home construction and new home sales, and special studies on specific aspects of the real estate market.
Because housing represents a large capital investment and stimulates additional consumer spending on appliances and furniture, housing market indices help monitor the overall health of the economy. Eye on Housing, the group's blog, is a great way to keep abreast of what's happening in the real estate market. When completing the survey, builders assess real estate market conditions and prospects based on their recent experience. The NAHB economics group is comprised of esteemed economists who travel continuously across the country to present their latest findings that illustrate key issues related to residential construction. The NAHB can also provide customized reports on the local impact of housing construction in relation to specific projects or the impact of construction on a specific local area.
