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.
When completing the survey, builders rate real estate market conditions and prospects based on their recent experience. 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. The CHI is a useful tool, especially for state and local homebuilder associations, to more easily convey to local authorities the burden of housing costs for middle- and low-income families in their markets.
