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NAHB Housing Market Index down to 57

Tuesday, Jan 20 2015
A gauge of confidence among home builders ticked down this month by one point to 57, staying close to the highest level since late 2005. Analysts were forecasting no change. Readings above 50 signal that builders, generally, are optimistic about sales trends. January marks the seventh consecutive month of above-50 readings. 
 
Also,  Tuesday NAHB reported that its barometer of builders' views on upcoming sales of single-family homes fell four points to 60 in January, while a gauge of their views on present sales remained at 62. Meanwhile, a barometer of prospective-buyer traffic declined two points to 44.
 
Data did not have any major impact on the markets. Euro is currently being traded around 1.1580 area, Sterling is few points above 1.5170 level, while Aussie is slightly below 0.82 handle.
More in this category: « ZEW Economic Sentiment increased more than expected Westpac Consumer Sentiment increased by 2.4% in January »

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