Housing Market Index
An index of over 300 home builders, it shows the demand for new homes. The index runs between 0 - 100, so a rating of 50 means that demand for new homes is average.
Investopedia Commentary
This index is used in conjunction with the latest "housing starts" figure to forecast demand for new homes. The forecast is then used as an indicator of economic growth.
Related Links
Economic Indicators to Know
See also: Housing Starts, Housing Units, Mortgage