7/20/2015
By Dominique Paul, Research Analyst

The National Association of Home Builders (NAHB) released its July Housing Market Index (HMI) report this morning. The HMI had a headline of 60, up significantly from the June 2014 low of 49. Growth was driven by the expectations component for single family sales over the next 6 months climbing to a reading of 71 from 69 in June 2015 and 63 in July 2014. Presently, single family sales are also up, the component rose to a reading of 66 from 65 in the prior month. The traffic of prospective buyers component decreased slightly to 43 from a reading of 44 in the prior month. Overall, the NAHB report demonstrates strength in the housing market and strong growth over last year.

Dominique Paul
Wall Street Strategies

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