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NAHB Housing Market Index rose more than expected

Monday, Sep 19 2016

Builder confidence in the market for newly built, single-family homes in September jumped six points to 65 from a downwardly revised August reading of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This marks the highest HMI level since October 2015.

“As household incomes rise, builders in many markets across the nation are reporting they are seeing more serious buyers, a positive sign that the housing market continues to move forward,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “The single-family market continues to make gradual gains and we expect this upward momentum will build throughout the remainder of the year and into 2017.”

 

Euro is currently being traded around 1.1170 area, Sterling is at 1.3050 handle, while Aussie is above 0.7550 level.

More in this category: « Sterling rebounding in a quiet Monday trade RBA minutes showed stable outlook for interest rates »

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